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123 Medical Dr 9,555 SF Health Care Building Offered at $359,000 in Palestine, TX 75801
Investment Highlights
- Perfect location for medical office, in proximity to other medical buildings.
Executive Summary
**OWNER WILL FINANCE** Medical/Professional Office Space – Prime Location directly behind the hospital! Building offers an excellent opportunity for professional users. Property is 35.3% of an interest (3372sqft) & is move-in ready & ideal for a variety of medical or wellness practices. Notable features include 16 fully blt-out rooms; including 4 exam rooms w/medical wash sinks & cabinetry, Large therapy room, Physician’s office w/private full bath, Reception area, Storage/lab area, Shared foyer & waiting room. Covered patient drop-off area, Monument signage for high visibility & Ample parking w/44 total spaces, including 1 designated spot near the private rear entrance/exit. Monthly pro-rata share of electric, cleaning, lawn care, water/sewer, security/alarm, and property taxes. This is a rare opportunity to secure space in a well-maintained, high-demand location perfect for expanding or relocating your practice! POSSIBLE OWNER FINANCE. Current tenant would like to stay but understands if you need the entire office.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $359,000 | Lot Size | 0.96 AC |
| Price Per Bed | $89,750 | Building Size | 9,555 SF |
| Sale Type | Owner User | No. Beds | 4 |
| Sale Condition | Lease Option | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1991 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | RPO - Restricted Professional Office | ||
| Price | $359,000 |
| Price Per Bed | $89,750 |
| Sale Type | Owner User |
| Sale Condition | Lease Option |
| Property Type | Health Care |
| Building Class | B |
| Lot Size | 0.96 AC |
| Building Size | 9,555 SF |
| No. Beds | 4 |
| No. Stories | 1 |
| Year Built | 1991 |
| Opportunity Zone |
Yes |
| Zoning | RPO - Restricted Professional Office |
Amenities
- Wheelchair Accessible
1 1
Property Taxes
| Parcel Number | R825436 | Total Assessment | $953,672 (2025) |
| Land Assessment | $116,127 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $837,545 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
R825436
Land Assessment
$116,127 (2025)
Improvements Assessment
$837,545 (2025)
Total Assessment
$953,672 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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123 Medical Dr
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