1731 Hagy BlvdAmarillo, TX 79106

Property Details for 1731 Hagy Blvd

Year built

2006

Lot size

0.57 AC

Property size (Sq ft)

4,205 SF

Zone code

PD2

Property type

Healthcare properties

Property subtype

Medical offices

APN

R-001-0750-0884

APU

R00107500884

Description

This exceptional Class A medical office building, located at 1731 Hagy Boulevard in Potter County, presents a unique investment opportunity. The single-tenant, 4,205 square foot building sits on a spacious 24,829 square foot lot and is currently vacant, offering immediate occupancy. Zoned PD-2 Planned Development, this versatile property is ideally suited for a variety of medical practices, including but not limited to medical, psychiatric, or counseling services, or even professional services like legal or accounting firms. The adaptable interior layout can easily accommodate the needs of different professional uses, with sufficient space for two doctors' offices, exam rooms, and administrative areas. Ample storage is available in both the basement and attic. Further enhancing its appeal are a large reception area, a convenient double-car garage, and a prominent monument sign for excellent visibility. Its strategic location near major healthcare facilities, including surgery centers and hospitals, provides unparalleled access to the medical district. The property also boasts ample parking for staff and clients, ensuring convenience and accessibility. This is a rare opportunity to acquire a well-located, versatile, and move-in ready medical office building in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $596,673

  6.5%

  $550,775

  7%

  $511,434

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,770

  Geo Method

  $505,946

• Alternative Use

  Use

  Valuation

  Residential

  $682,961

  Hospitality

  $625,589

  Educational

  $520,482

  Medical

  $538,383

  Retail

  $809,639

Location Insight

City

Amarillo

County

Potter

State

Texas

Latitude

35.1954

Longitude

-101.915

CBSA code

11100

CBSA name

AMARILLO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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