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.

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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.

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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

Contact

Photograph of Listing Agent

Russell Patterson

Patterson Commercial Property Group GTAR Commercial Member
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