1306 W Frank Ave - Medical FOR SALE


Lufkin, TX 75904
$2,500,000 USD
858-531-6585
1306 W Frank Ave, Lufkin, TX for Sale
$2,500,000 USD
Medical - FOR SALE
1/26
null | Request Cap Rate

1306 W Frank Ave
Lufkin, TX 75904


HIGHLIGHTS

  • AMBULATORY SURGERY CENTER
  • CORE LOCATION
  • TURNKEY FACILITY
  • AMPLE PARKING
  • PROXIMITY TO HOSPITAL
  • HEALTHCARE HUB

OVERVIEW

Jennifer Stein Real Estate, Inc in association with out of state cooperating broker ERE Healthcare Real Estate Advisors (“ERE Advisors”) has been retained as the exclusive advisor in the sale or lease of the 13,490 SF Medical Office located at 1306 W Frank Avenue, Lufkin, Texas 75904. Located in the beautiful Texas Forest Country, Lufkin, the largest city in Angelina County, is located approximately 90 miles northeast of Houston. Surprisingly convenient to Dallas, Waco, and San Antonio, Lufkin residents enjoy superior bass fishing, top-notch golfing, state-of-the-art museums, an outstanding zoo, quality hotels and restaurants, an incredibly charming downtown, and the friendliest people on earth.The subject property is located just east of downtown along West Frank Avenue, across from St Luke’s Health – Memorial Hospital, which is home to East Texas’ largest emergency department, equipped with 32 private patient rooms, a dedicated imaging and laboratory department, and a highly qualified staff of emergency physicians, nurse practitioners, and registered trauma nurses.The facility, currently operating as East Texas Eye Associates, features 9,744 SF of clinical space, including seven exam rooms, multiple diagnostic imaging and procedure rooms, physician offices and an optical shop. The property is enhanced by an ambulatory surgical center (ASC), consisting of an additional 3,746 SF, which features two state-of-the-art operating rooms. The ASC is Joint Commission accredited and was most recently surveyed in December 2022

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$185 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,262 SF

ZONING

LB

APN/PARCEL ID

12062,12068,20361,20364,98411

ASK ABOUT THIS PROPERTY

Michael CampbellERE Healthcare Real Estate AdvisorsMore Info
858-531-6585

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Michael CampbellERE Healthcare Real Estate AdvisorsMore Info
858-531-6585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.