1601 9Th St Wichita Falls, TX 76301
- Medical Office Space
- 10,805 SF
- 1.10 lot acres
Current Use by Public Records
- Portmann Specialty Rehab / Medical Clinic
- Helen Farabee Centers - IDD Facility / Crisis Center / Medical Clinic
- Dr. Gradie E Moore / Physician
- Bannon Ryan MD / Physician
- Hansen Kimberly A / Physician
Property Details for 1601 9Th St
- Year built
- 1982
- Construction
- WOOD
- Lot size
- 1.10 lot acres
- Property size
- 10,805 SF
- Zone code
- GC
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 0030 719 00
- APU
- 3071900
Description
This exceptional 10,805 square foot office building presents a compelling investment opportunity in Wichita Falls, Texas' thriving medical district. Located at 1601 9th Street, 76301, this single-story property sits on a 1.102-acre lot and offers a flexible layout ideal for various medical or commercial uses. Built in 1982 by Erdman, renowned healthcare facility specialists, the building features non-load bearing walls, allowing for easy interior reconfiguration to meet specific needs. The property boasts numerous professional offices, exam rooms, storage rooms, and a break room with a kitchen. Two front entrances, each with its own reception area, offer the potential for a third entrance. Ample covered staff parking with four private entrances ensures convenience and privacy. Its proximity to United Regional Hospital is a significant advantage. The asking price is $2,079,000, translating to $192.41 per square foot. This property is an exceptional opportunity for investors seeking a strong return in a high-demand location. The building's versatile design and prime location make it suitable for a wide range of medical and commercial tenants. The ample parking and convenient access further enhance its appeal. This is a rare chance to acquire a well-maintained, established property in a rapidly growing area.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $370,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $740,000
Market price range: $341k - $1.12M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $795,000 Current use
- RETAIL STORES
- $875,000 Change: +10% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $855,000 Change: +8% Conversion: Difficult
- WAREHOUSE, STORAGE
- $650,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Wichita Falls
- County
- Wichita
- State
- Texas
- Longitude
- -98.5022
- Latitude
- 33.9043
- CBSA code
- 48660
- CBSA name
- WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
