4801 Troup HwyTyler, TX 75703
- Healthcare properties
- 32,832 SF
Property Details for 4801 Troup Hwy
- Year built
- 1983
- Lot size
- 4.00 AC
- Property size (Sq ft)
- 32,832 SF
- Property type
- Healthcare properties
- Property subtype
- Other office properties
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.
Location Insight
- City
- Tyler
- County
- Smith
- State
- Texas
- Latitude
- 32.2997
- Longitude
- -95.2665
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].