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950 N. Fourth St. & 1300 N. Sixth St.
950 N. Fourth St. & 1300 N. Sixth St., Longview, TX 75601
17,646 SF | Office
Fourth St. Building
Office Property - Off Market
- Building Size:
- 17,646 SF
- Property Type:
- Property Sub-type:
- Office-Business Park
- Property Use Type:
- No. Stories:
- Year Built:
- Lot Size:
- 2.46 AC
- Listing ID
- Last Updated
- over 1 year ago
- Great Investment Property between two Hospitals in Longview,TX
- 2.46 Acres of Total Land Area including two buildings
- 17,646 of Total Building Area(2 Buildings)
- Fourth St. Building currently leased to Longview Regional Hospital until 2007
- Price Reduced from $1,400,000 to $1,100,000
Subject Property consists of two Medical Office Buildings. The Building on Fourth St. is on 1.15 Acres with building consisting of approximately 7,314 sqft and is 100% occupied with an additional 3 lots(.63 acres) that go with the property for additional parking.The property is currently leased to Longview Regional Hospital-5 yr lease,triple net,started 12/1/02 with rents $6,500/mo 1st yr & steps up $100/mo per yr with final year at $6,900/mo. The Lease is currently @ $6,700/mo.
The Building on Sixth St. is located on .67 acres and has approximately 10,332 sqft. of building and is 30% occupied. The tenant in #100(3,165 sqft)is leased until 9/30/05 for $2,630/mo. The Tenant has been there since the Building was built in 1985.
The Sales Price of $1,400,000 includes both buildings and 2.46 acres of total land area.
Subject Property consists of two buildings located on Fourth St. & Sixth St. which are between Longview Regional Hospital & Good Shepherd Hospital which makes it a great location for a medical office setup.
Map of 950 N. Fourth St. & 1300 N. Sixth St., Longview, TX 75601 (Gregg County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P