1711 Wheeler Ave Aransas Pass, TX 78336
- Commercial real estate
- 59,427 SF
- 4.06 lot acres
Current Use by Public Records
- Robert Low, D.O. / Internist
- Internal Medicine Associates- Dr Robert Low / Internist
- Mr. Rodney Prater / Nurse Practitioner
- Jimmy L. Bates, LPC / Counselor
- Amistad Health - Aransas Pass / Counselor / Medical Clinic
Property Details for 1711 Wheeler Ave
- Year built
- 1983
- Construction
- WOOD
- Lot size
- 4.06 lot acres
- Property size
- 59,427 SF
- Property type
- Commercial real estate
- APN
- 0022-0206-0003-002
- APU
- 2202060003002
Description
This 60,445-square-foot Class B medical office building in Aransas Pass, Texas, presents a unique redevelopment or conversion opportunity. Situated on a 4.057-acre lot at 1711 W Wheeler Ave, 78336, this vacant property boasts ample parking (57,330 spaces per 1,000 sq ft) and is zoned for General Business use, allowing for diverse applications including hospital, professional, and medical office spaces. The building, constructed in 1981, offers significant potential for various healthcare uses, such as chronic care, long-term care, and behavioral health (conditional use permit may be required). The owner is open to subdividing the building to accommodate a mix of tenants. This property is strategically located on a main commercial street within a rapidly growing community experiencing significant industrial expansion and population growth. The substantial size and prime location make it ideal for addressing the community's need for emergency, critical, or specialty care. Furthermore, there's potential for leasing a portion to the state of Texas for long-term psychiatric beds, creating a strong cash flow opportunity. The property's APN is 0022-0206-0003-002. This is a for-sale-by-owner opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $975,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,030,000
- 6.5%
- $1,045,000
- 7%
- $930,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,045,000
- Geo Method
- $920,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $945,000
- Retail
- $985,000
- Mixed-Use
- $1,000,000
- Hospitality
- $1,015,000
- Educational
- $1,190,000
- Residential Income
- $1,105,000
- Energy
- $955,000
- Income-Based Land
- $1,115,000
- Food Service
- $1,110,000
Location Insight
- Map
- Local Demand
- City
- Aransas Pass
- County
- San Patricio
- State
- Texas
- Longitude
- -97.1622
- Latitude
- 27.9152
- CBSA code
- 18580
- CBSA name
- CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA
