DOWNTOWN TYLER BAR FOR SALE

Retail-Commercial for Sale
Catylist Listing ID: 30565690
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 10,232 SF
Gross Land Area: 0.60 Acres
Sale Price: $500,000
Unit Price: $48.87 PSF
Ceiling: 15 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/1/2020

Overview / Comments

Two building property Sale in downtown Tyler! Only two blocks away from the square. 418 E Erwin was home to Garage Bar which is afull furnished bar that is ready to go for a new user to start operating. All equipment inside is included in this sale. Excellent business thatbrought a lot of traffic through the door. The building next door is a shell building with a brand new fire sprinkler system installed byseller. New 4" foam insulation roof put on both buildings in 2019. for more pictures and information on leftbuilding - 412 E Erwin.

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Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: SMITH COUNTY
Tax ID/APN: 150000003800008010
Zoning: COMMERCIAL
Retail Clientele: Other
Property Visibility: Good
Largest Nearby Street: Front St
Feet of Frontage: 175
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1955
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal
Legal Description: CITY OF TYLER BLOCK 38 LOT 8B & 8A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,720 61,800 97,391
Median Age: 26.95 32.61 33.57
Households: 3,548 21,927 37,694

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