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375 Municipal Dr - Richardson Medical Park
1,338 - 3,682 SF Condo Units Offered at $167,250 - $430,000 Per Unit in Richardson, TX 75080
Investment Highlights
- Situated less than half a mile from US-75 and across from Richardson Methodist Medical Hospital Campus
- Offering a fully functional medical office layout, and on-site amenities including a fitness center, sauna, and indoor squash/racquetball
- Property website: https://buildout.com/website/375municipal134
- Suite 134, measuring approximately 1,338 SF, was recently renovated in 2024
- Monthly association fees cover common area maintenance and all utilities
Executive Summary
Introducing 375 Municipal Drive, Suite 134 in Richardson, TX, an established property built in 1981 that is tailor-made for Office/Medical investors. Strategically positioned less than a half mile west of US-75, and across from Richardson Methodist Medical Hospital Campus, Richardson Medical Park offers a convenient, established location, multiple amenities, and a synergistic mix of on-site medical practitioners. Suite 134 measures approximately 1,338 SF, was recently renovated in 2024, and offers a modern, updated space designed to meet the needs of today's medical professionals. The floor-plan includes a waiting area, reception-administration desk with storage cabinetry, two restrooms, kitchen/break area, 5 exam-procedure rooms. workroom/lab space, and record storage areas. Richardson Medical Park campus is located on a ground lease, and monthly association fees include common area maintenance, and all utilities (except for internet service). Campus occupants have access to the on-site fitness center that includes locker rooms, workout equipment, sauna (under renovation), and indoor racquetball-squash ball court. Prospective buyers and their representatives are responsible for conducting their own due diligence, which includes consulting with city authorities, confirming access to utilities, and zoning confirmation. This information is not to be considered a substitute for professional guidance and independent verification.
Property Facts
| Price | $167,250 - $430,000 | Building Class | C |
| Unit Size | 1,338 - 3,682 SF | Floors | 2 |
| No. Units | 2 | Typical Floor Size | 1,841 SF |
| Total Building Size | 3,682 SF | Year Built | 1981 |
| Property Type | Office | Lot Size | 4.01 AC |
| Property Subtype | Medical |
| Price | $167,250 - $430,000 |
| Unit Size | 1,338 - 3,682 SF |
| No. Units | 2 |
| Total Building Size | 3,682 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 1,841 SF |
| Year Built | 1981 |
| Lot Size | 4.01 AC |
2 Units Available
Unit 134
| Unit Size | 1,338 SF | Condo Use | Medical |
| Price | $167,250 | Sale Type | Investment or Owner User |
| Price Per SF | $125.00 | Sale Conditions | Ground Lease (Leased Fee) |
| Unit Size | 1,338 SF |
| Price | $167,250 |
| Price Per SF | $125.00 |
| Condo Use | Medical |
| Sale Type | Investment or Owner User |
| Sale Conditions | Ground Lease (Leased Fee) |
Description
Suite 134 measures approximately 1,338 SF, was recently renovated in 2024, and offers a modern, updated space designed to meet the needs of today's medical professionals. The floor-plan includes a waiting area, reception-administration desk with storage cabinetry, two restrooms, kitchen/break area, 5 exam-procedure rooms. workroom/lab space, and record storage areas. Richardson Medical Park campus is located on a ground lease, and monthly association fees currently estimated at $1,809.57 per month as of 9/2024, include common area maintenance, and all utilities (except for internet service).
Sale Notes
BRING OFFERS!
Unit 218
| Unit Size | 3,682 SF | Condo Use | Office |
| Price | $430,000 | Sale Type | Investment |
| Price Per SF | $116.78 |
| Unit Size | 3,682 SF |
| Price | $430,000 |
| Price Per SF | $116.78 |
| Condo Use | Office |
| Sale Type | Investment |
Sale Notes
Space could be divided into smaller units as it has two entrances.
+2 More
20241021_145133
20241021_145103
20241021_145049
20241021_145032
20241021_145028
20241021_145208
20241021_145200
Amenities
- Controlled Access
- Fitness Center
- Air Conditioning
zoning
| Zoning Code | Medical Office (Professional office use) |
| Medical Office (Professional office use) |
Presented by
375 Municipal Dr - Richardson Medical Park
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