2003 MEDICAL PARKWAY, SAN MARCOS, TX 78666

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2003 Medical Parkway

San Marcos, TX 78666

Status of the property has changed, please contact for details

List Price$1,550,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

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

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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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