Upscale Restaurant/Bar/Cafe

Retail-Commercial for Sale
Catylist Listing ID: 30294704
Property Subtypes: Restaurant
Building Size (RSF): 10,815 SF
Gross Building Area: See Agent
Gross Land Area: 1.46 Acres
Sale Price: $3,950,000
Unit Price: $365.23 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/26/2018

Overview / Comments

Upscale Restaurant/Bar/Cafe for Sale or Lease; Approx. 10,815 sf on 1.462 +/- ac.; Built in 2013
Retail Building. Ideal for high-end restaurant user. Location and building also provide a fantastic opportunity for event center.
Located on Old Jacksonville Highway, south of West Grande Boulevard, this first class property offers multiple access points and tremendous visibility on one of the major thoroughfares in the Tyler market. With close proximity to new construction and area golf courses, Old Jacksonville Highway is Tyler’s newest growth corridor. Recent additions include Whataburger, Wal-Mart Neighborhood Market, FRESH Grocery, Texas de Brazil, Fuzzy’s Tacos, and many more.
Ingress/Egress from Old Jacksonville Hwy.; Upscale modern landscaping; Waterfront property; Pylon signage; Ample lighted parking
High end modern finishes; Private dining room; Interior Café; Sushi Bar; Lounge Bar
Exterior lakeside dinning; Full commercial kitchen; Private offices and conference room

Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: SCAD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Old Jacksonville Highway
Highway Access: Ingress/Egress from Old Jacksonville Hwy.
Site Description: Upscale modern landscaping; Waterfront property; Pylon signage; Ample lighted parking
Area Description: Located on Old Jacksonville Highway, south of West Grande Boulevard, this first class property offers multiple access points and tremendous visibility on one of the major thoroughfares in the Tyler market. With close proximity to new construction and area golf courses, Old Jacksonville Highway is Tyler’s newest growth corridor. Recent additions include Whataburger, Wal-Mart Neighborhood Market, FRESH Grocery, Texas de Brazil, Fuzzy’s Tacos, and many more.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2013
Roof Type: Flat
Construction/Siding: Metal/Glass, Metal Siding, Wood Siding
Parking Type: Surface
Parking Description: Ample lighted parking
Interior Description: High end modern finishes; Private dining room; Interior Café; Sushi Bar; Lounge Bar; Full commercial kitchen; Private offices and conference room
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Ingress/Egress from Old Jacksonville Hwy.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,766 34,243 70,409
Median Age: 39.34 40.35 37.16
Households: 2,170 15,146 29,269

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