Fair Office Building For Sale

Office for Sale
Catylist Listing ID: 30366196
Property Subtypes: Office Building
Building Size (RSF): 64,521 SF
Gross Building Area: See Agent
Gross Land Area: 0.28 Acres
Sale Price: $1,698,000
Unit Price: $26.32 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Fair Building
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/16/2019

Overview / Comments

Patterson Commercial Property Group is proud to exclusively offer for sale The Fair Building located in Tyler’s vibrant downtown. The Fair Building is a Class- B office building located just south of “The Square” in Tyler’s historic Central Business District. This 64,521 square foot building has recently undergone significant updating and remodeling on many of its eight stories.

The Fair Building is located adjacent to the newly constructed Fair Foundation parking garage which currently offers free parking. The Fair Building has several tenants occupying 1,000+ square feet, however the majority of its tenants and remaining vacancies are in the “executive-style” and highly- desirable size of 500 square feet or less.

Additional Details

Nearest MSA: Tyler
County: Smith
Tax ID/APN: 150000000700028000
Zoning: DBAC
Number of Stories: 8
Year Built: 1949
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick
Zoning Description: Downtown Business, Arts, & Culture Zoning
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,231 61,800 94,468
Median Age: 28.2 32.61 33.71
Households: 4,163 21,927 36,433


Photograph of Listing Agent

Cole Ihrig

Patterson Commercial Property Group
GTAR Commercial Member
Photograph of Listing Agent

Russell Patterson

Patterson Commercial Property Group GTAR Commercial Member
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