DOWNTOWN TYLER SQUARE HISTORIC RESTAURANT

Special Purpose for Sale
Catylist Listing ID: 30561959
Building Size (RSF): 8,300 SF
Gross Building Area: See Agent
Gross Land Area: 0.06 Acres
Sale Price: $1,200,000
Ceiling: 15 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Usable Size (USF): 8,300 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/1/2020

Overview / Comments

Fully-furnished previous Jakes restaurant. Great business when it was open. Ready for a new buyer to come in and start its new chapter.Two story building with table area and kitchen in basement. Rooftop seating area and bar has one of the best views in Tyler. Built in the 1800’s, the first floor entrance has a granite bar that stretches the length of the room. Bathrooms for men and women on both floors(1st & 2nd). Brick finished rooftop dining and bar with front door and rear door on 1st floor. The basement boasts a Private dining/winecellar, 2 offices and a storage room. The kitchen in the basement has a food elevator (dumbwaiter) that carries items up to the top floor for ease with serving. On the 2nd & 3rd Floor it has beautiful original hardwood with more than enough seating for any business weekend night. The Humidor roof contains a dining area and bar with the best views in all of Tyler. Come see this beautiful building on the Square in the historic district of Downtown Tyler. Building is also for rent at $11.00 psf. On The Square in the historic district of Downtown Tyler. Click on the virtual tour below to walk through this property.

Attachments & Media

Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: SMITH COUNTY
Tax ID/APN: 150000000200019000
Zoning: C
Property Located Between: Broadway and Spring St
Property Visibility: Good
Largest Nearby Street: Broadway (69)
Feet of Frontage: 30
Area Description: heavy day traffic and night foot traffic
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1932
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Granite bar, hardwood floors, historic charm
Zoning Description: Inside city limits, downtown Tyler, Commerical
Lot Frontage: 30
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Legal Description: CITY OF TYLER BLOCK 2 LOT 18

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,765 61,800 94,468
Median Age: 27.68 32.61 33.71
Households: 3,896 21,927 36,433

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