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Investment Highlights

  • - 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.
  • - Multiple Revenue Stream Possibilities – Existing structures allow for diversified tenancy and phased development strategies.
  • - Versatile Mixed-Use Opportunity – Suitable for medical, professional office, senior living, rehabilitation, educational, governmental, or commercial
  • - 15,000+ Sq. Ft. Former Hospital Facility – A rare opportunity to acquire a substantial medical/commercial building with endless redevelopment potent
  • - Large Existing Infrastructure – Utilities, parking, and established site improvements can reduce development costs and timelines.

Executive Summary

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.

Attachments

Site Plan

Property Facts

Price $2,238,880 CAD
Price Per Bed $93,287 CAD
Sale Type Investment or Owner User
Property Type Health Care
Property Subtype
Hospital
  • Healthcare Continuing Care Retirement Community
  • Healthcare Rehabilitation Centre
  • Healthcare Skilled Nursing Facility
Building Class C
Lot Size 5.66 AC
Building Size 24,094 SF
No. Beds 24
No. Stories 1
Year Built 1971
Zoning C - Commercial

Amenities

  • Wheelchair Accessible
  • Smoke Detector
  • Backup Power / Generators
  • Cafe

Room Mix Information

Description No. Beds
Hospital 20
Office 0
Office 0
Office 0
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
R000013466
Land Assessment
$463,766 CAD
Improvements Assessment
$539,308 CAD
Total Assessment
$1,003,074 CAD
  • Listing ID: 40896306

  • Date on Market: 2026-06-12

  • Last Updated:

  • Address: 707 N Waldrip St, Grand Saline, TX 75140

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