|February 8, 2017||Comments Closed|
The Texas Christian Academy complex at New Road and Sanger Avenue, near Valley Mills Drive, has hit the market with a price tag of $895,000. Prospects already are inquiring about the six buildings spread over 4 acres that the school will vacate in about six months, listing agent Brad Harrell said Wednesday.
“We actually are getting a little interest,” Harrell said.
He said he thinks a church, school “or something similar in nature” would have the most use for the site that served for 17 years as the home of Texas Christian Academy, a private Christian-based sixth- through 12th-grade school.
The school announced in January it would close the facility, which stretches from 816-916 N. New Road near Sanger Avenue and Valley Mills Drive.
Though Texas Christian Academy and Eagle Christian Academy are not merging, Texas Christian’s announcement coincided with Eagle Christian announcing it would offer high school classes. The schools are about a five-minute drive from each other, with Eagle operating at 6125 Bosque Blvd.
Harrell said he does not see potential for a commercial or retail development at the Texas Christian Academy site.
“The buildings there were kind of specifically built for its current use, and I do not see anybody removing the buildings at this time,” Harrell said.
Josh Carter, a commercial specialist with Coldwell Banker Jim Stewart Realtors, said he would agree a church or school “represents the highest and best use.”
“But if the market doesn’t show that, I think an alternative would be redevelopment as a multifamily or office complex,” Carter said. “The market is increasingly being saturated with commercial development, and I don’t think this site quite has the Valley Mills Drive exposure it would need to be a successful retail project.”
The main building of the complex occupies 20,336 square feet and was built in 1977. This structure contains most of the classrooms, the faculty offices, a receptionist and office area, auditorium, sanctuary, library, cafeteria, kitchen and various other rooms. The five other buildings range in size from 1,400 square feet to 2,930 square feet.
“They were constructed for additional classrooms, meeting rooms and specialty centers,” according to promotional material provided by Harrell & Associates.
All buildings are heated and air-conditioned and fully equipped with utilities, and the 1.3-acre parking lot accommodates 100 vehicles, according to the promotional material.