8579 State Highway 31Athens, TX 75751

Property Details for 8579 State Highway 31

Lot size

8.79 AC

Property size (Sq ft)

27,176 SF

Property type

Commercial real estate

APN

0800-1690-0A10-00

APU

080016900A1000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $6,850,383

  Hospitality

  $6,274,914

  Educational

  $5,220,654

  Medical

  $5,400,201

  Retail

  $8,121,018

Location Insight

City

Athens

County

Henderson

State

Texas

Latitude

32.1897

Longitude

-95.9233

CBSA code

11980

CBSA name

ATHENS, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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