Industrial For Sale

Industrial for Sale
Catylist Listing ID: 30771577
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 37,500 SF
Gross Building Area: See Agent
Sale Price: $2,200,000
Unit Price: $58.67 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

Sale includes 2340 & 2400 E Erwin

PROPERTY OVERVIEW
Property consists of 16.502 acres with approximately 37,500 square feet
between three buildings and an additional 3,000 square feet metal covered
area. Opportunity includes existing tenant on NNN lease in 20,000 square feet,
potential lease for seller's operation in 17,500 square feet, and approx. 8-10
acres of excess land for additional improvements. CALL Agent for additional
information regarding tenancy.

PROPERTY HIGHLIGHTS
Value-add investment opportunity.
Income producing opportunity for owner occupant.
NNN tenant in 20,000 sf.
Truck accessible with easy access to Tyler's main corridors.
8-10 acres of excess land.
Bonus Structure: Includes a 3,000sf metal covered area used as a material
shelter that is not included in total square footage.

Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: SCAD
Tax ID/APN: 150000091701002000
Zoning: M-1
Property Located Between: NNW Loop 323 & E Erwin
Total Number of Buildings: 3
Zoning Description: Light industrial
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,737 52,335 94,918
Median Age: 32.21 31.73 33.37
Households: 1,167 18,418 36,519

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