Downtown Tyler Restaurant Space

Retail-Commercial for Sale
Catylist Listing ID: 30743402
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 8,300 SF
Sale Price: $1,200,000
Unit Price: $144.58 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 8,300 SF
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 7/30/2021

Overview / Comments

Fully-furnished previous Jakes restaurant. Great business when it was open. Ready for a new buyer to come in and start its new chapter. Two story building with table area and kitchen in basement. Rooftop seating area and bar has one of the best views in Tyler.

Built in the 1800’s, the first floor entrance has a granite bar that stretches the length of the room. Bathrooms for men and women on both floors (1st & 2nd). Brick finished rooftop dining and bar with front door and rear door on 1st floor. The basement boasts a Private dining/wine cellar, 2 offices and a storage room. The kitchen in the basement has a food elevator (dumbwaiter) that carries items up to the top floor for ease with serving. On the 2nd & 3rd Floor it has beautiful original hardwood with more than enough seating for any business weekend night. The Humidor roof contains a dining area and bar with the best views in all of Tyler. Come see this beautiful building on the Square in the historic district of Downtown Tyler.

Building is also for rent at $11.00 psf.

On The Square in the historic district of Downtown Tyler.

Click on the virtual tour below to walk through this property: https://my.matterport.com/show/?m=2L9kVhoF89A

Additional Details

Nearest MSA: Tyler
County: Smith
Tax ID/APN: 150000000200019000
Zoning: DBAC
Retail Clientele: General, Business
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1880
Year Renovated: 2013
Sprinklers: Wet
Heat Type: Natural Gas
Air Conditioning: Engineered System

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,839 61,800 94,468
Median Age: 27.68 32.61 33.71
Households: 3,635 21,927 36,433

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