1702 Denman Ave Lufkin, TX 75901-6110
- Medical offices
- 3,734 SF
- 1.07 lot acres
Current Use by Public Records
- Todd Jansen S DO / Family Practice Physician
- Robert A. Young Jr, Pac / Doctor
- Clifton Cathcart / Family Practice Physician / Pain Management Physician
- Family Medical Clinic / Family Practice Physician / Medical Clinic
- Shane Howatt, PA / Physician Assistant
Property Details for 1702 Denman Ave
- Year built
- 1977
- Lot size
- 1.07 lot acres
- Property size
- 3,734 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 0742-376-058-000-00
- APU
- 74237605800000
Description
This exceptional 6,870-square-foot medical office building presents a unique investment opportunity. Situated on a 1.068-acre lot, this single-story structure boasts a spacious layout ideal for a variety of medical practices or businesses needing substantial office space. Built in 1977, the building features a 10-foot ceiling height throughout, providing a sense of openness and functionality. Ample parking is available with 20 spaces conveniently located on-site. The property is zoned C-Commercial, allowing for flexibility in its use. Currently vacant, this property offers immediate occupancy for a single tenant. Its prime location benefits from a high daily traffic count exceeding 8,500 vehicles, ensuring excellent visibility and accessibility for your business. The building's single-tenant occupancy simplifies management and provides a streamlined operational environment. This is a rare opportunity to acquire a well-located, sizable medical office building with significant potential for growth and success. The property's size, visibility, and convenient parking make it an attractive option for a range of medical or professional businesses. Don't miss this chance to establish your presence in a high-traffic area.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $325,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $485,000
- 6.5%
- $450,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $317,000
Market price range: $233k - $566k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $395,000 Current use
- COMMERCIAL (GENERAL)
- $420,000 Change: +6% Conversion: Easy
- OFFICE BUILDING
- $350,000 Change: -11% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Lufkin
- County
- Angelina
- State
- Texas
- Longitude
- -94.7036
- Latitude
- 31.3203
- CBSA code
- 31260
- CBSA name
- LUFKIN, TX MICROPOLITAN STATISTICAL AREA