Emmanuel Place
OZ | ~44% Illustrative Pro Forma Cap | Hospital Adjacent | Value Add Medical or Office
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 and medical building located directly across from CHRISTUS Health St. Michael Hospital
• Located within a designated Opportunity Zone. Buyer should independently verify eligibility and potential tax benefits with qualified professionals
• Approximately 14.7% in place cap rate based on the stated as is NOI of approximately $73,000
• Value add opportunity with approximately 25% current occupancy and substantial vacant space available for lease-up or owner occupancy
• Second floor includes approximately 7,500 square feet of open shell space, allowing for a flexible medical or professional office build-out
• Four ground floor suites with existing office and medical configurations
• Approximately 15,000 square feet across two stories
• 32 on-site parking spaces, with additional nearby overflow parking reported to be available. Buyer should verify parking availability and any associated rights or agreements
• Elevator shaft is in place; elevator car and related equipment have not been installed
• Potential fit for an owner-user or investor seeking medical or professional office exposure
• Offered at ~$33/sqft
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