520 Texas Blvd Texarkana, TX 75501
- Commercial real estate
- 2,520 SF
- 0.24 lot acres
Current Use by Public Records
- Sharma Roshan L MD / Pain Management Physician / Sports Medicine Physician
Property Details for 520 Texas Blvd
- Year built
- 1989
- Lot size
- 0.24 lot acres
- Property size
- 2,520 SF
- Property type
- Commercial real estate
- APN
- 8147
- APU
- 8147
Description
This exceptional 2,520 square foot medical office building is ideally situated in the heart of downtown Texarkana, Texas, at 520 Texas Boulevard, zip code 75501. Offered at $189,000 ($75 per square foot), this property presents a compelling investment opportunity. The building boasts eight individual offices, a spacious reception area perfect for patient check-in, a convenient conference room for meetings and consultations, and a fully equipped kitchen. Ample storage space is also included, catering to the diverse needs of a medical practice. Its prime location offers unparalleled convenience, being within walking distance of Texarkana's vibrant downtown area, providing easy access to a variety of retail establishments and restaurants. This high-visibility location ensures excellent foot traffic and prominent exposure for your business. The property is well-suited for a variety of medical practices seeking a comfortable and accessible space to serve their patients. This is a rare opportunity to acquire a well-maintained medical office building in a thriving downtown location. Don't miss out on this chance to establish or expand your medical practice in a highly desirable area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $450,000
- 6.5%
- $425,000
- 7%
- $480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $465,000
- Retail
- $435,000
- Mixed-Use
- $445,000
- Hospitality
- $490,000
- Educational
- $430,000
- Residential Income
- $475,000
- Energy
- $370,000
- Income-Based Land
- $425,000
- Food Service
- $415,000
Location Insight
- Map
- Local Demand
- City
- Texarkana
- County
- Bowie
- State
- Texas
- Longitude
- -94.047
- Latitude
- 33.4241
- CBSA code
- 45500
- CBSA name
- TEXARKANA, TX-TEXARKANA, AR METROPOLITAN STATISTICAL AREA