403 N. Spring Street
Retail-Commercial
for Sale
| Catylist Listing ID: |
30674209 |
| Property Subtypes: |
Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
|
| Building Size (RSF): |
3,400 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$250,000 |
| Unit Price: |
$73.53 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/31/2021 |
Overview / Comments
|
Unique building located in the Heart of Downtown Tyler at the corner of N. Spring Ave. and East Line Street. In recent years, this building has served as both a restaurant and a night club but could be reconfigured for office, as well.
|
Additional Details
| Nearest MSA: |
Tyler |
| County: |
Smith |
| Tax ID/APN: |
150000003300001000 |
| Retail Clientele: |
General, Business |
| Property Located Between: |
Line Street & Spring Avenue |
| Property Visibility: |
Excellent |
| Total Number of Buildings: |
1 |
| Year Built: |
1920 |
| Construction/Siding: |
Brick |
| Total Parking Spaces: |
12 |
| Parking Type: |
Other |
| Parking Description: |
Head in, off-street parking. |
| Zoning Description: |
The DBAC district (formerly C-3) is primarily intended to implement the Tyler 1st Comprehensive Plan, Chapter 4, Downtown Master Plan by accommodating development and redevelopment in downtown that creates a walkable, mixed-use city center with residential, commercial, entertainment, arts, institutional, park, and government land uses, and by establishing guidelines and controls for the development and redevelopment of the downtown area, shown on the Future Land Use Guide, with a mix of commercial, residential, cultural, office, and existing light manufacturing uses. The district is further intended to ensure that future development is compatible with the existing development and will enhance the economic, cultural, and historical significance of downtown Tyler. The voluntary preferred design guidelines are kept on file in the planning department. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,106 |
58,470 |
94,468 |
| Median Age: |
29.2 |
31.76 |
33.71 |
| Households: |
3,675 |
20,474 |
36,433 |
|
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