115 Warden Lane, San Marcos, TX 78666
sale
$696,000
|
Commercial-Improved
Courtesy Of Clark Real Estate Agency
Opportunity Knocks! Perfect for owner occupied business or investment! 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. Current tenants lease goes through October 2022 and 6.7 cap rate is in place at current list price. The renderings are just ideas if owner decides to update.
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Property Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Cooling System: Central A/C
- Exterior Type: Wood
- Exterior Type: Masonry
- Floor Covering: Tile
- Floor Covering: Carpet
- Floors: 1.0
- Heating Fuel: Electric
- Legal Description: ABS 17-2 TR 105-169.2 J VERAMENDI SURVEY 0.47 AC GEO#90201366 (EXEMPT % 7/6/2005)
- MLSID: 467538
- Roof Type: Unknown
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