LOOP 323 RETAIL BUILDING FOR SALE

Retail-Commercial for Sale
Catylist Listing ID: 30584360
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail
Building Size (RSF): 5,000 SF
Gross Land Area: 1.21 Acres
Sale Price: $350,000
Unit Price: $70 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 5,000 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/13/2020

Overview / Comments

Three-unit retail store front ready for new tenants. Limited amount of retail space available in this area. Roof is 2 years old. Middle unit was a previous bakery with three compartment sink still on site. Fire suppression system throughout the building. Two meters currently for electric. Building has been wired to have it separated further for limited cost. High traffic count of 23,420 (2018 Count).

Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: Smith County
Tax ID/APN: 100000106200018040
Retail Clientele: General
Property Located Between: HWY 271 & HWY 31
Property Visibility: Excellent
Largest Nearby Street: Loop 323 Frontage
Feet of Frontage: 172
Traffic/Vehicle Count: 23,420
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1965
Construction/Siding: Brick
Total Parking Spaces: 20
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: No zoning classification
Lot Frontage: 172
Lot Depth: 302
Water Service: Municipal
Sewer Type: Municipal
Legal Description: ABST A1062 H WALL TRACT 18D

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,955 27,005 70,041
Median Age: 28.77 29.39 31.54
Households: 611 8,765 24,141

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