About 1318 Paluxy Road
Location, Location, Location! This established medical building is located across a driveway from the Lake Granbury Hospital! Current medical practice- occupant is remaining as a tenant. There is an executed lease with NNN until 2029. The building is in excellent condition and has been maintained well. Large parking lot. If you have been looking for a commercial property with a large cap rate, this might be it! 9 cap rate with NNN included!
Status Change History
| Date | Details | Status |
|---|---|---|
| Sep 19, 2026 | Status Changed from Active to Active Under Contract | Active Under Contract |
Price Change History
| Date | Details | Price |
|---|---|---|
| Jul 6, 2026 | Price Reduced from $1,675,000 to $1,600,000 | $1,600,000 |
| May 21, 2026 | Price Reduced from $1,700,000 to $1,675,000 | $1,675,000 |
Features of 1318 Paluxy Road
| MLS® # | 21185984 |
|---|---|
| Price | $1,600,000 |
| Acres | 0.83 |
| Year Built | 1986 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active Under Contract |
Community Information
| Address | 1318 Paluxy Road |
|---|---|
| Subdivision | Hood County Hospital District |
| City | Granbury |
| County | Hood |
| State | Texas |
| Zip Code | 76048-5655 |
Amenities
| Utilities | All Weather Road, City Sewer, City Water, Electricity Connected, Individual Water Meter |
|---|---|
| Garages | Additional Parking, Asphalt, On Site, Outside, Parking Lot, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central, Electric |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Lot Description | Cleared, Few Trees, Level |
|---|---|
| Roof | Other |
| Construction | Brick |
| Foundation | Slab |
Additional Information
| Date Listed | February 23rd, 2026 |
|---|---|
| Days on Market | 211 |
| Zoning | Commercial |
Listing Details
| Agent | Randall Luna |
|---|---|
| Office | Elevate Realty Group |
| Contact Info | (817) 736-5757 |