1702 Denman AveLufkin, TX 75901

Property Details for 1702 Denman Ave

Year built

1977

Lot size

1.07 AC

Property size (Sq ft)

3,734 SF

Property type

Medical offices

Property subtype

Medical centers

APN

0742-376-058-000-00

APU

74237605800000

Description

This exceptional 6,870-square-foot medical office building presents a unique investment opportunity. Situated on a 1.068-acre lot, this single-story structure boasts a spacious layout ideal for a variety of medical practices or businesses needing substantial office space. Built in 1977, the building features a 10-foot ceiling height throughout, providing a sense of openness and functionality. Ample parking is available with 20 spaces conveniently located on-site. The property is zoned C-Commercial, allowing for flexibility in its use. Currently vacant, this property offers immediate occupancy for a single tenant. Its prime location benefits from a high daily traffic count exceeding 8,500 vehicles, ensuring excellent visibility and accessibility for your business. The building's single-tenant occupancy simplifies management and provides a streamlined operational environment. This is a rare opportunity to acquire a well-located, sizable medical office building with significant potential for growth and success. The property's size, visibility, and convenient parking make it an attractive option for a range of medical or professional businesses. Don't miss this chance to establish your presence in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,026,468

  6.5%

  $947,509

  7%

  $879,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $705,277

  Geo Method

  $1,117,922

• Alternative Use

  Use

  Valuation

  Residential

  $1,174,911

  Hospitality

  $1,076,212

  Educational

  $895,396

  Medical

  $926,190

  Retail

  $1,392,838

Location Insight

City

Lufkin

County

Angelina

State

Texas

Latitude

31.3203

Longitude

-94.7036

CBSA code

31260

CBSA name

LUFKIN, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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