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    801 Main St Andrews, TX 79714

    For Sale
    $3,200,000

    Andrews, TX: Multi-tenant retail & medical complex.

    Property size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional investment opportunity in Andrews, Texas, presents a thriving, multi-tenant commercial property ideally situated on approximately 2.95 acres along Highway 385. The property comprises two Class A, single-story buildings totaling 40,000 square feet, currently boasting 95% occupancy. The diverse tenant mix includes a Subway, medical offices (Vital Care, Home Hospice, Neighborhood RX), a Texas state office, retail spaces, and a coffee shop, among others. The 14 tenants benefit from a strong referral network and the property's prime location adjacent to the US Post Office and various restaurants. Building 1 offers roughly 25,000 rentable square feet, while Building 2 provides approximately 16,500 rentable square feet. Extensive surface parking is available, and the property features two pylon signs, one with digital capabilities. The asking price is $3,200,000, translating to $80 per square foot. The property is zoned TIRZ3 and offers a modified lease type, making it an attractive owner/user investment with stable, long-term revenue potential. This mixed-use property includes medical office, pharmacy/drug, and shopping center subtypes, providing a diversified income stream.

    Property Features for 801 Main St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    40,000 SF
    Class
    A
    Lot Size
    128,502 SF

    Building Details

    Buildings
    2
    Stories
    1

    HighLights

    • Excellent location with high visibility.
    • Strong tenant roster featuring long‑term leases.
    • Diverse tenant mix including medical, retail, and office users.
    • Convenient access to public transportation (Subway).
    • Proximity to supporting businesses such as a pharmacy and home hospice.
    • Anchored by Texas Department of Human Services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cpl Rays Coffee ... Coffee Shop Mid-West Truck Center, ... Trucking Company Chic Threads Clothing ... Boutique Health Department WIC Public Health Department Hallmark Real Estate ... Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Andrews
    County
    Andrews
    State
    Texas
    Longitude
    -102.54906838514
    Latitude
    32.326799959517

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    FAQs

    What type of property is this?
    Lifestyle center - Andrews, TX: Multi-tenant retail & medical complex.
    Where is this lifestyle center located?
    The property is located at 801 Main St Andrews, TX.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Excellent location with high visibility.; Strong tenant roster featuring long-term leases.; Diverse tenant mix including medical, retail, and office users.
    Request Owner's contact information
    801 Main St Andrews, TX 79714
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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
    801 Main St Andrews, TX 79714
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