8579 State Highway 31 W, Athens, TX 75751

27,176 SF 8.79 ac lot

Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity

Property ID

US82-6899313

$2,800,000 27,176 SF

8579 State Highway 31 W, Athens, TX 75751
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This exceptional 27,176 square foot medical facility, situated on 23 acres in Athens, Texas, presents a unique investment opportunity. Built in 1987 and renovated in 2021, the property boasts 59 patient rooms spread across two single-story buildings. Currently vacant, this Class B property offers significant potential for various uses, thanks to its unzoned location outside city limits, providing flexibility for redevelopment. The property includes an on-site sewer facility, eliminating the need for external connections. Located on State Highway 31 W, it offers convenient access to Loop 7 and is within proximity to essential amenities, including hospitals, shopping, and restaurants. Athens, a thriving Certified Texas Retirement Community, benefits from its location an hour from Dallas/Fort Worth and its central position within East Texas. The property's substantial size, existing infrastructure, and strategic location make it an ideal investment for those seeking a versatile and well-positioned asset. The asking price is $2,800,000, translating to $103.03 per square foot and $47,457.63 per unit. Airports within reasonable driving distance include Athens Municipal Airport, Tyler Pounds Regional Airport, and DFW International Airport. The property's substantial acreage and frontage on State Highway 31 W offer considerable development potential. This is a rare opportunity to acquire a large-scale medical facility with significant upside in a growing Texas community.