4801 Troup Hwy, Tyler, TX 75703
- Medical Office Space
- 32,832 SF
- 4.00 lot acres
Current Use by Public Records
- Sante Rehabilitation / Medical Clinic
- Comptech / Medical Laboratory
- Angels of Care Pediatric Home Health / Home Health Care Service / Nursing Agency
- Reliant Specialty Infusion / Medical Clinic
- Sheri Walters / Physician
Property Details for 4801 Troup Hwy
- Year built
- 1983
- Lot size
- 4.00 lot acres
- Property type
- Medical Office Space
- APN
- 150000109200031010, 150000109200031100
Description
This exceptional investment opportunity presents the Scottish Highlands, an eight-building office park totaling 32,832 square feet situated on a 3.996-acre lot at 4801 Troup Hwy, Tyler, TX 75703. Built in 1983, this stabilized property features a mix of executive, medical, and traditional office spaces, currently boasting 100% occupancy with strong credit tenants under modified gross leases. The property benefits from a prime location, less than a mile south of Loop 323, providing convenient access to abundant shopping, dining, and retail options. Each unit is separately metered for electricity, while tenants are responsible for janitorial services and HVAC maintenance. Taxes and insurance are prorated annually based on a base year. The property features ample parking and a corner lot with frontage on Troup Highway and Kensington Drive. The asking price is $4,950,000, representing a pro-forma cap rate of 7.30% and a price per square foot of $150.77. The property is zoned C-2 and consists of eight single-story buildings. This is a multi-tenant property with a strong lease history. The APN is 150000109200031010, 150000109200031100.
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Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.266497838987
- Latitude
- 32.299744509592
