Emmanuel Place
OZ | ~25+% ProForma Cap | Hospital-Adjacent | Value-Add Office or Medical
Marketing description
Value-Add Medical Office Across from Hospital in OZ | 921 Texas Blvd, Texarkana, TX 75501
Tour it virtually: https://my.matterport.com/show/?m=QZvgAtnkNmX
Opportunity for an investor or owner-user to acquire a two-story office building located across from Christus Health in Texarkana AND in an Opportunity Zone. The property has an established office and medical presence and offers both current occupancy and future value-add potential.
Located in a prime area near major hospitals, 921 Texas Blvd. offers an exceptional opportunity for investors or owner-users seeking a versatile office or medical office building with strong upside potential. This approximately 15,000 square foot, two-story property is situated in an Opportunity Zone, adding long-term investment appeal.
The ground floor is currently finished out with multiple office suites and is partially leased, with two of the four office areas occupied by existing tenants totaling approximately 3,500 square feet. The space is functional as-is but could benefit from updates, allowing a new owner to modernize and customize. Floor plans are available for review.
The second floor is a blank slate, featuring an open layout with no interior walls. This unfinished space provides tremendous flexibility for build-out, whether for additional medical offices, professional suites, or other commercial uses. Photos are available to showcase the potential.
The building is equipped with an elevator, making it easily accessible for medical or professional use. A dedicated parking lot is included with the property, adding convenience for tenants and visitors.
In addition to the main building, a separate small lot located nearby is also available for purchase. While not adjacent, it offers additional flexibility for parking, expansion, or future development.
With its strong location, existing income, and significant redevelopment potential, 921 Texas Blvd. represents a compelling commercial investment in the heart of Texarkana.
Units A, D, & 2 available for lease (MLS#21210181, MLS#21210207, & MLS#:21210145)
Buyer to independently verify Opportunity Zone designation and any associated tax benefits with qualified advisors, as well as all building measurements. Information deemed reliable but not guaranteed.
Investment highlights
Hospital-adjacent office/medical building located directly across from CHRISTUS Health St. Michael Hospital
Situated in a designated Opportunity Zone (buyer to verify benefits with tax advisors)
~8.5% in-place cap rate with existing income and significant lease-up upside
Value-add opportunity with 25% current occupancy and substantial vacant space
Second floor consists of approximately ~7,500 SF of open shell, allowing flexible build-out for medical or office users
4 ground-floor suites with existing office/medical configuration
15,000 SF total building size across two stories
32 on-site parking spaces plus nearby overflow parking
Elevator shaft in place; elevator car not installed
Suitable for owner-user or investor seeking medical or professional office exposure
Priced at approximately $58/SF, well below replacement cost
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