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.
7,882 Sq Ft
0.5 Private Acres Exterior Space
Commercial
$23,951 Annual Tax
Built in 1986
MLS/Listing ID 4558600
Hand Rails
Construction - Brick
Cooling - Electric
Carpet
Laminate
Slab
City Lights View
Parking - Concrete
Parking - Asphalt
Heating - Electric
Listing Courtesy of RIVER BEAR REALTY, LLC, BUCK MCLAMB - 512-888-3886
Source of Data: AUSTIN CENTRAL TEXAS REALTY INFORMATION SERVICE