4801 Troup HwyTyler, TX 75703

  • Healthcare properties
  • 32,832 SF
For Sale
$4,950,000 View listing

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.

4801 Troup Hwy, Tyler, Texas

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.2997
Longitude
-95.2665

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