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33422317
33422312

707 North Waldrip Street, Grand Saline, TX 75140

Jacob Ashley
Listed by Jacob Ashley
$1,600,000
25 days on market
Updated 25 days ago

Hospital and Multi Unit Office Buildings

Details
APN 13466
Property Type Office, Mixed Use
Sub Type Medical Office, Traditional Office (+1)
Square Footage 27,534
Tenancy Vacant
Broker Co-Op True
Class B
Year Built 1971
Buildings 6
Stories 1
Acreage 5.660
Zoning Commercial
Ground Lease No
Sale Condition N/A

Hospital, 3 duplex style offices, vacant land

Marketing description

A rare and highly versatile opportunity in the heart of Grand Saline, this historically significant property—formerly the only full-service hospital in Van Zandt County—offers exceptional potential for both medical and commercial use. Positioned on a generous 5.6 acre tract with approximately 1,000 feet of road frontage, the property provides outstanding visibility and accessibility, making it ideal for a wide range of healthcare, professional, or business applications. The site includes three duplex-style buildings that are well-suited for medical offices, specialty clinics, professional suites, or income-producing commercial spaces. An additional building is ready to be customized, offering flexibility for urgent care, retail, office, or service-based businesses. The expansive grounds provide ample room for future development, additional structures, or parking expansion. Whether you're envisioning a multi-tenant medical campus, a professional business park, or a mixed-use commercial development, this property offers the scale and adaptability to bring your vision to life. A storage building adds convenience for operational needs. With its strong history of serving the community and its prime location, this property presents a unique opportunity to create a thriving hub for medical services, business operations, or investment growth. Equipment is negotiable with sale of property.

Investment highlights

  • 15,000+ Sq. Ft. Former Hospital Facility – A rare opportunity to acquire a substantial medical/commercial building with endless redevelopment potential.
  • Three Duplex-Style Office Buildings – Multiple income-producing or lease-ready office spaces offering flexibility for a variety of business uses.
  • Approximately 1,000 Feet of Road Frontage – Exceptional visibility, accessibility, and exposure along a highly desirable corridor.
  • Significant Expansion Potential – Ample vacant land provides room for future development, additional buildings, parking expansion, or a completely new project vision.
  • Versatile Mixed-Use Opportunity – Suitable for medical, professional office, senior living, rehabilitation, educational, governmental, or commercial redevelopment.
  • Multiple Revenue Stream Possibilities – Existing structures allow for diversified tenancy and phased development strategies.
  • Large Existing Infrastructure – Utilities, parking, and established site improvements can reduce development costs and timelines.
  • Rare Scale and Flexibility – Combines substantial existing improvements with developable land, creating opportunities that are difficult to find in a single property.
  • Value-Add Investment Potential – Ideal for investors seeking repositioning, redevelopment, or long-term hold opportunities.
  • Blank Canvas for Future Growth – Whether expanding existing operations or creating an entirely new development concept, the property offers the space and flexibility to bring a vision to life.

Listing Contacts

Jacob Ashley
Listed by Jacob Ashley

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