Downtown CBD Restaurant & Bar

Retail-Commercial for Sale
Catylist Listing ID: 30297563
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 8,300 SF
Gross Land Area: 0.06 Acres
Sale Price: $1,300,000
Unit Price: $156.63 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Downtown Restaurant & Bar
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2019

Overview / Comments

Fully-furnished high end restaurant & bar
Two stories w/ rooftop dining and basement
Approx. 8,300 sf on 0.057 +/- ac. lot
Fully renovated, built in 1800’s
Brick /Stucco veneer, concrete slab, finished rooftop dining and bar
Renovated exterior finish with awning
Metered parking in front; Front and rear access
On The Square in the historic district of Downtown Tyler
Easy access to courthouse, CBD, Broadway Ave. and Hwy. 31 (Front Street)
Basement: Private dining/wine cellar, 2 offices, storage, kitchen
1st Floor: Dining and bar area
2nd Floor: Dining
3rd Floor: Humidor
Roof: Dining and Bar

Property is “turn-key” ready for restaurant use but offers the opportunity for many uses including, but not limited to, office, apartments and entertainment
FF&E are included in sale. Property is offered fully furnished. High end furnishings throughout the building.

Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: SCAD
Retail Clientele: General, Business, Tourist, Other
Property Visibility: Excellent
Largest Nearby Street: S. Broadway (Hwy. 69)
Highway Access: Easy access to Hwy. 69, Hwy. 64 & Hwy 31
Site Description: Situated on the Downtown Square
Area Description: Downtown Historic District
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1800
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Historic 1800's Downtown Building
Parking Type: Surface, Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,765 61,800 94,468
Median Age: 27.68 32.61 33.71
Households: 3,896 21,927 36,433


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