11503 Parsons Rd Manor, TX 78653-5220
- Assisted living facilities
- 6,400 SF
- 53.89 lot acres
Current Use by Public Records
- Assisted living facilities
Property Details for 11503 Parsons Rd
- Year built
- 2001
- Construction
- WOOD FRAME
- Lot size
- 53.89 lot acres
- Property size
- 6,400 SF
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 226700209
- APU
- 226700209
Description
This exceptional 70-acre commercial property in Manor, Texas, presents a unique investment opportunity. The expansive grounds boast stunning natural beauty, including mature trees and water features, complemented by swimming pools. The property comprises two parcels, including the listed 53.89-acre lot at 11503 Parsons Rd, and an additional 15.94-acre parcel at 11502 Parsons Rd (sold together). Previously utilized as a recovery center, the versatile buildings offer a range of spaces suitable for diverse commercial ventures. Construction dates range from 1983 to 2010. The substantial structures include multiple offices, separate residential units for men and women, a community center, an event hall, and a sizable 5,000-square-foot warehouse. The total square footage of all buildings is approximately 30,000 square feet (buyer to verify). This property's size, amenities, and natural setting provide significant potential for redevelopment or continued operation as a wellness or retreat center, or for a variety of other commercial uses. The asking price for this expansive property is $4,950,000. This represents a rare chance to acquire a substantial commercial holding with significant development potential in a desirable location. All square footage should be independently verified by the buyer.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $375,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $317,000
Market price range: $160k - $414k -
Alternative Use
- Use
- Estimation
- HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
- $305,000 Current use
- COMMERCIAL (GENERAL)
- $620,000 Change: +104% Conversion: Difficult
- RETAIL STORES
- $600,000 Change: +99% Conversion: Difficult
- OFFICE BUILDING
- $580,000 Change: +92% Conversion: Difficult
- MEDICAL BUILDING
- $445,000 Change: +46% Conversion: Difficult
- WAREHOUSE, STORAGE
- $290,000 Change: -4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Manor
- County
- Travis
- State
- Texas
- Longitude
- -97.5102
- Latitude
- 30.317
- CBSA code
- 12420
- CBSA name
- AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA
