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$800,000

707 N Waldrip St, Grand Saline, TX, 75140

On MarketInfo
CommercialInfo
Baths13,160 Sq Ft
OfficeOffice
price_per_sqft$64.2 / sqft
Year BuiltBuilt in 1971

Highlights

Interior

FlooringCarpet, Concrete, Tile

Exterior

Lot Size5.66 acres

Building Information

Year Built2008
Stories1

Land Information

APN044.0046.0304.0000.0000
Lot Number1-14
Land UseOther / Unknown
Legal DescriptionACRES: 5.660 ABST: 46 SUR: SAM BELL; ADDN: COLLIER BLK 1 LT 1-14;ADDN: SHANGRILA HTS BLK 12 LT 1-3
Census Tract950200
Assessed Land Value$335,200
Assessed Improvement Value$389,800
Assessment Year2025

About this property

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. This listing is for the hospital building, 3,000 sq/ft office space, parking all on approximately 1.8 acres. ALSO FOR SALE(separate listing): Entire property situated on approximately 5.6 acres. This would include hospital, 3- duplex style office buildings, 1- 3,000 sq/t office, metal storage building, and vacant land. The full 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. Square footage of these 3 buildings range from 2,580-3,360 sq/ft. They are split on the inside so there is potential for 6 different services. Ample parking available for all facilities. 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

Investor Tools

Property Icon
$725,000
Estimated Property Value
$225,000Estimated Mortgage Balance
$510,568Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

Interested in this property?

Jonathan Whitehurst

Dwell Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,770/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,611
$725,000
2025
$335,200
$389,800
$725,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,611
$725,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cozby Germany Hospital Inc
Unknown
$225,000
No
First
Dec 27, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,147
$509,853
70%
30%
$1,349/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Grand Saline

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707 N Waldrip St | Property Details | No Agent List