For Sale

Wellington Medical Office Building

4006 Wellington St,
Greenville, TX 75401

Asset Snapshot

Distribution
Office Subtype
2006
Year Built
2026
Year Renovated
1
Floor Count
1
Building Count
60
Parking Spots
1.37 Acres
Land Area
31%
Occupancy

Offering Summary

Investment Overview

Wellington Medical Office Building presents a compelling investment opportunity in a freestanding Office / Medical asset configured for healthcare and professional users. The 12,110 SF building includes 5 units and is currently 31% occupied, offering a balance of in-place tenancy and upside potential. Built in 2006 and renovated in 2026, the property features a one-story brick exterior, paved surface parking with 60 spaces, handicap accessibility, and individual HVAC for each suite. Zoned Office and Medical, the building is well suited for a range of medical and office uses. Its good condition, professional presentation, and functional layout position this asset as an attractive addition to an investor’s portfolio.


Investment Highlights

  • 12,110 SF freestanding office and medical building
  • Generating 2026 $53,000 in NOI (2 new tenants signed)
  • Five-unit configuration supporting diversified tenancy
  • 50% occupied with in-place income and lease-up potential
  • Built in 2006 and renovated in 2026
  • One-story layout suited for medical and professional users
  • Zoned for office and medical use
  • Brick exterior with professional presentation
  • Good condition asset with functional design
  • 60 surface parking spaces on site
  • Approximately 5.0 parking spaces per 1,000 square feet
  • ADA-accessible property with designated accessible parking
  • Individual HVAC systems serving each suite
  • Paved parking in a convenient U-shaped layout
  • Class B investment opportunity for office and medical ownership

How it Works

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Listing Syndicated From

Buildout
Accepting Offers
$1,700,000
Asking Price

Investment Sales Broker

Derek Anthony
Waypoint Real Estate Advisors

Market Insights