1521 E Rusk St
Jacksonville, TX 75766
Property For Lease · 49,432 SF

Former licensed nursing facility located just east of the downtown area along one of three major thoroughfares in Jacksonville, Texas. Conveniently developed less than 10 minutes to two major hospitals, UT Health Jacksonville and Christus Mother Frances Hospital. Excellent value-add opportunity for an investor or owner-operator to acquire the asset and reinstate the original use as a nursing facility or repurpose/redevelop the property. Positioned in a market with nearly 18% of the population above the age of 65 and a strong employee base with 11.8% of workers employed in the healthcare and social assistance industry, the second-highest labor sector in the area. MARKET OVERVIEW Jacksonville, Texas has a small number of existing commercial properties with only approximately 287 assets representing nearly 4.4 million square feet of space. There is currently no new construction in the pipeline across all asset types, eliminating any current supply-side pressure in the area. The overall vacancy rate is 4.2% and the market rent is currently averaging $9.25 per square foot. Although Jacksonville does not exist in a defined commercial market, it sits just outside the larger markets of Tyler and Longview.