The Woods Office Park 4515 Lake Shore Dr 9,858 SF 15% Leased Office Building Waco, TX 76710 $2,300,497 CAD ($233.36 CAD/SF) 13.60% Cap Rate

This is wonderful building with a split level design with 9858 sq feet. It was renovated in 2018 and have a brand new 3 phase power system with 3 new transformers on the street. You will have more than enough power. New floors and lights and an elevator installed in 2018 which has seen very limited use and can be activated at the owners discretion. The building is 100% ADA compliant and has passed a TDLR review for the elevator and ADA. There is a 2 story 80 foot long wrap around balcony on the back of the building,
It would be ideal for a spa, law office or corporate headquarters. I could also be leased out in whole or in part.
Presently it is being used as a medical office and owner is using it presently and has rented about 1000 sq ft to an NP on a renewable 1 year lease. This is 6 months old and could be continued or extended based on the requirements of the new owner.
New spray foam insulation has been installed this year. You energy demand on this building will be fantastic. Also there is gas for heating so the cost during the winter is much less. This also mean that attic space can be used as storage for some items since it will not hit 150 degrees. This is perfect for old records and files or anything else an attic space could hold.
This is a true gem of a property.