FOUR BUILDING INDUSTRIAL COMPLEX

Industrial for Sale
Catylist Listing ID: 30763138
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Office Showroom, Truck Terminal, Warehouse/Distribution, Other
Building Size (RSF): 28,139 SF
Gross Land Area: 21.70 - 43.12 Acres
Sale Price: $3,650,000
Unit Price: $129.71 PSF
Property Use Type: Investment, Business
Building Name: Hi-Way Auto Parts and Schindler Carpet & Floors
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/6/2021

Overview / Comments

This property has operated successfully as Hi-Way Auto Parts, an auto parts reseller for the last three decades. The improvements consist of four enclosed buildings plus one canopied building with 100% concrete parking. The property has a total of 64.82 acres and can be divided with 21.70 acres in the north tract and 43.12 acres in the south tract. The north tract could continue to be used as an auto parts reseller, heavy equipment dealership, oil / gas service company, open air storage facility, lay down yard or redeveloped as an industrial complex by adding warehouses for manufacturing / warehouse / distribution, self-storage or other industrial uses. The south tract could be used as a close-in ranch, SFR detached, SFR BFR or low or high density MF. The property has 800 lf of frontage on SH 64 W with additional frontage on Patton lane across from Dixie Elementary School. The owner will finance the property with a 30% down payment.

Current Tenants

Tenant Business Name Hi-Way Auto Parts
Tenant Business Name Schindler Carpet & Floors
Industry Type Construction
Is Renting? Yes

Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: Tyler ISD, City of Tyler, TJC, Smith County, SC ESD
Tax ID/APN: 100000002600047000
Zoning: NORTH 21.30 ACRES IS LOCATED OUTSIDE OF THE CITY / SOUTH 43.12 IS ZONED R-1A
Property Located Between: Loop 323 and Patton Lane
Highway Access: SH 64 W / Loop 323 / SH 31 W /
Airports: Tyler Regional Pounds Airport
Site Description: Relatively flat with some slight elevation changes
Area Description: The Park of East Texas ( https://www.tylerpoet.com/) is a 240 acre multi-purpose educational and event facility. The facilities will serve as the hub of agricultural education and events in East Texas. Additional users in the area are Walmart, Super 1 Foods, Chase Bank, McDonald's, Sonic, Walgreen's, Taco Bell, Subway, Starbucks and Aldi.
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Good
Roof Type: Flat
Construction/Siding: Metal Siding
Exterior Description: All buildings are constructed with PEMB components.
Parking Type: Surface
Parking Description: Concrete
Column Spacing: varies
Overhead Cranes: Undisclosed
Sprinklers: None
Internet Access: Fiber Optic
Interior Description: Showroom / Office / Warhouse
Zoning Description: North Tract - None South Tract - R-1A
Lot Frontage: 800 lf on SH 64 W
Lot Depth: varies
Easements Description: TBD
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,535 28,639 80,417
Median Age: 35.64 31.47 34.3
Households: 562 9,850 30,078

Contact

Photograph of Listing Agent

Gary Halbrooks

Venue Properties, Inc. GTAR Commercial Member
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