Description
Opportunity Knocks! Perfect for owner occupied business or investment! Current tenants lease goes through October 2022 and 5.5 cap rate is in place at current list price. The property is surrounded by Multi-Family, Retail and a restaurant. Property was constructed as a medical office with two office suites with 3,119 square feet of heated and cooled office space on 0.47 acre of land currently used as a single space, with the second waiting area utilized as a conference room. Interior floor plan consists of exam rooms, a private kitchen, file storage rooms, work space/reception areas, common and private bathrooms and private office space. The property is zoned MU " Mixed-Use District by the City of San Marcos. The property is located in the High Intensity, Midtown District, under the 2017 CIty of San Marcos Comprehensive Plan and can be redeveloped with higher intensity. Currently lease through October with a 6.7% cap rate. The renderings are just ideas if owner decides to update.
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0BEDS
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0.47ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Opportunity Knocks! Perfect for owner occupied business or investment! Current tenants lease goes through October 2022 and 5.5 cap rate is in place at current list price. The property is surrounded by Multi-Family, Retail and a restaurant. Property was constructed as a medical office with two office suites with 3,119 square feet of heated and cooled office space on 0.47 acre of land currently used as a single space, with the second waiting area utilized as a conference room. Interior floor plan consists of exam rooms, a private kitchen, file storage rooms, work space/reception areas, common and private bathrooms and private office space. The property is zoned MU " Mixed-Use District by the City of San Marcos. The property is located in the High Intensity, Midtown District, under the 2017 CIty of San Marcos Comprehensive Plan and can be redeveloped with higher intensity. Currently lease through October with a 6.7% cap rate. The renderings are just ideas if owner decides to update.
© 2022 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-06-30T09:00:17.43.