Andrews, TX: Multi-tenant retail & medical complex.
Overview
Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity in Andrews, Texas, presents a thriving, multi-tenant commercial property ideally situated on approximately 2.95 acres along Highway 385. The property comprises two Class A, single-story buildings totaling 40,000 square feet, currently boasting 95% occupancy. The diverse tenant mix includes a Subway, medical offices (Vital Care, Home Hospice, Neighborhood RX), a Texas state office, retail spaces, and a coffee shop, among others. The 14 tenants benefit from a strong referral network and the property's prime location adjacent to the US Post Office and various restaurants. Building 1 offers roughly 25,000 rentable square feet, while Building 2 provides approximately 16,500 rentable square feet. Extensive surface parking is available, and the property features two pylon signs, one with digital capabilities. The asking price is $3,200,000, translating to $80 per square foot. The property is zoned TIRZ3 and offers a modified lease type, making it an attractive owner/user investment with stable, long-term revenue potential. This mixed-use property includes medical office, pharmacy/drug, and shopping center subtypes, providing a diversified income stream.
Highlights
Excellent location with high visibility.
Strong tenant roster featuring long-term leases.
Diverse tenant mix including medical, retail, and office users.
Convenient access to public transportation (Subway).
Proximity to supporting businesses such as a pharmacy and home hospice.
Lifestyle center - Andrews, TX: Multi-tenant retail & medical complex.
Where is the lifestyle center located?
The property is located at 801 Main St Andrews, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Excellent location with high visibility.; Strong tenant roster featuring long-term leases.; Diverse tenant mix including medical, retail, and office users.
How can I contact the broker?
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Contacts
Lonna Bevel
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Useful Information
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Main St Andrews, TX 79714
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Main St Andrews, TX 79714
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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801 Main St
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