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    8579 State Highway 31 Athens, TX 75751

    Sponsored
    For Sale
    $2,800,000

    59-Room Medical Facility, 23 Acres

    Property size:
    27,176 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 27,176 square foot medical facility, situated on 23 acres in Athens, Texas, presents a unique investment opportunity. Built in 1987 and renovated in 2021, the property boasts 59 patient rooms spread across two single-story buildings. Currently vacant, this Class B property offers significant potential for various uses, thanks to its unzoned location outside city limits, providing flexibility for redevelopment. The property includes an on-site sewer facility, eliminating the need for external connections. Located on State Highway 31 W, it offers convenient access to Loop 7 and is within proximity to essential amenities, including hospitals, shopping, and restaurants. Athens, a thriving Certified Texas Retirement Community, benefits from its location an hour from Dallas/Fort Worth and its central position within East Texas. The property's substantial size, existing infrastructure, and strategic location make it an ideal investment for those seeking a versatile and well-positioned asset. The asking price is $2,800,000, translating to $103.03 per square foot and $47,457.63 per unit. Airports within reasonable driving distance include Athens Municipal Airport, Tyler Pounds Regional Airport, and DFW International Airport. The property's substantial acreage and frontage on State Highway 31 W offer considerable development potential. This is a rare opportunity to acquire a large-scale medical facility with significant upside in a growing Texas community.

    Property Features for 8579 State Highway 31

    General Information

    Property type
    Retirement homes
    Square Feet
    27,176 SF
    Class
    B
    Lot Size
    1,001,880 SF

    Building Details

    Year Built/Renovated
    1987/2021
    Buildings
    2
    Stories
    1
    Units
    59

    HighLights

    • For Sale or Lease
    • 27,176 SF medical facility with 59 rooms
    • Situated on 23 acres
    • Unzoned, outside city limits, offering redevelopment flexibility
    • Existing infrastructure including on‑site sewer facility
    • Over 1,000 linear feet of frontage on State Highway 31 W, with convenient access to Loop 7
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Building Supply Auto Repair Shop Auto Parts Store Storage Facility Bakery Veterinary Clinic Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Henderson
    State
    Texas
    Longitude
    -95.923498736408
    Latitude
    32.191205650237

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    FAQs

    What type of property is this?
    Retirement home - 59-Room Medical Facility, 23 Acres
    Where is this retirement home located?
    The property is located at 8579 State Highway 31 Athens, TX.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: For Sale or Lease; 27,176 SF medical facility with 59 rooms; Situated on 23 acres
    Request Owner's contact information
    8579 State Highway 31 Athens, TX 75751
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    Athens, TX 75751
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8579 State Highway 31 Athens, TX 75751
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