2603 Texas Blvd Texarkana, TX 75503
- Office Properties & Spaces
- 21,344 SF
- 1.49 lot acres
Current Use by Public Records
- Dhrystone Computer Systems Inc / Computer Store
- BXC Roofing / Roofing Contractor
- NAI American Realty / Commercial Real Estate Agency / Real Estate Agency
- Papa O's Professional Cleaning Company / Janitorial Service
Property Details for 2603 Texas Blvd
- Lot size
- 1.49 lot acres
- Property size
- 21,344 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a multi-tenant executive office complex located at 2603 Texas Boulevard in Texarkana, Texas. The property boasts a total of 21,344 square feet across three single-story buildings, situated on a 1.49-acre lot. Currently operating at 87% occupancy, this Class B office space offers a compelling return on investment with an asking price of $1,000,000 ($46.85/sq ft). The property is zoned for office use and features on-site management, simplifying operations. Tenants benefit from included utilities and twice-weekly janitorial service, enhancing the overall value proposition. The leasing office provides convenient mail and package delivery services. Leases are structured on a gross basis, with the current lease period commencing January 6, 2023, and expiring December 30, 2023. Strategically located in the heart of Texarkana, between the downtown area and the burgeoning I-30 corridor, this property enjoys excellent visibility and accessibility. This is an ideal opportunity for investors seeking a well-maintained, multi-tenant office complex in a thriving Texas market. The property's strong occupancy rate and comprehensive amenities make it an attractive investment with significant potential for future growth.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Bowie
- State
- Texas
- Longitude
- -94.0539
- Latitude
- 33.4418
