DOWNTOWN TYLER PROPERTY 1+ ACRES

Retail-Commercial for Sale
Catylist Listing ID: 30704471
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.14 Acres
Sale Price: $385,000
Unit Price: $32.08 PSF
Ceiling: 15 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/3/2021

Overview / Comments

Downtown Tyler property with huge upside! 12,000 square foot building sitting on over an acre of land. Property is in structurally soundcondition with metal roof trusses and steel I-Beams under second floor. This property has many re-use purposes from retail, apartments,shop or build new on almost 1 acre of cleared land. This property is just a 2 minute walk away from a new 112 unit apartment complexas well as 18 new townhomes under construction. The downtown area is set to boom over the next few years with new and currentprojects including: a new proposed County Courthouse being constructed, breweries, restaurants, bars, shows and the walkability of thedowntown area.

Additional Details

Nearest MSA: Tyler
County: Smith
Tax ID/APN: 150000033100009010
Zoning: COMMERCIAL
Retail Clientele: Business
Property Located Between: Glenwood & Beckham
Property Visibility: Excellent
Largest Nearby Street: Erwin
Highway Access: Highway 64 Highway 110
Airports: Tyler Pounds Field
Site Description: City, Commercial
Area Description: Downtown Tyler
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,000 SF
Property Condition: Average
Year Built: 1935
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Other
Parking Description: Fenced Lot
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Legal Description: CITY OF TYLER BLOCK 331 LOT 10 & 9A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,345 59,147 94,468
Median Age: 29.94 33.2 33.71
Households: 4,223 20,818 36,433

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