2003 MEDICAL PARKWAY, SAN MARCOS, TX 78666
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2003 Medical Parkway
San Marcos, TX 78666
List Price$1,550,000
Listing #4558600
7,882
Square Feet
Commercial
Type
About This Property
Prime Investment Opportunity on Medical Parkway -- Income-Producing with Upside Potential Now Offered at a New Price with a New Roof! Located steps from CHRISTUS Santa Rosa Hospital in the heart of San Marcos' medical and professional corridor, this property offers strong current income with room to grow. Currently fully leased across three commercial suites and one residential apartment, with one studio apartment and one office suite (Suite D) available for lease, this is an excellent opportunity for investors or owner-users alike. Suite A: 1,553 SF | 3 Bathrooms Suite B: 2,376 SF | 2 Bathrooms + Upstairs Office/Conference Room Suite C: 1,553 SF | 3 Bathrooms Suite D (Available): Flexible office space -- ideal for medical professionals or professional services (1) Studio Apartment (Occupied): 611 SF (1) Studio Apartment (Available): 611 SF These suites are not only perfect for medical tenants but also well-suited for law firms, accounting offices, and other professional services seeking a high-visibility location with easy access to I-35 and Texas State University. Gross Monthly Income: $14,100 (beginning January 1) Proforma Cap Rate: 8.4% Recent updates completed. Minimum 48-hour notice for showings -- contact agent to schedule.
Property Features
Location Information
County
Hays
Subdivision
San Marcos Medpark
County
Hays
Directions
Traveling I-35 South Exit Wonder World Drive. Take left on Wonderworld. Take left on Medical Parkway. 2003 Medical Parkway on your Right.
Area
HS
Interior Features
Heating
Central, Electric
Disabled Features
Hand Rails
Floors
Carpet, Laminate
Accessibility
Hand Rails
Exterior Features
Style
Brick
Lot Size in Acres
0.5
Is New Construction
No
Zoning
Commericai - office/medic
Construction/Exterior
Brick
Buildings
1
Foundation
Slab
Road Description
Asphalt
Possession
Closing & Funding, Close Of Escrow
Has Waterfront
No
Water / Sewer
Public Sewer
Has View
Yes
Water
Public
View
City Lights
Parking Description
Asphalt, Concrete
Additional Information
Other Utilities
Cable Available, Cable Connected, Electricity Connected, High Speed Internet Available, None, Phone Connected, Sewer Connected
APN
1574700000003003
Property Type
COM
Status
Active
Property SubType
Office
Documents Available
See Remarks, Survey
Year Built
1986
Similar Listings
Mortgage Calculator
$7,237
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$5,585
Monthly Tax
$1,291
Monthly Insurance
$361
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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