The Omega Executive Suites

Office for Sale
Sale Pending
Catylist Listing ID: 30725223
Property Subtypes: Executive Suites, Office Building
Status: Pending
Building Size (RSF): 11,400 SF
Gross Building Area: See Agent
Gross Land Area: 0.45 SF
Sale Price: $500,000
Unit Price: $43.86 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: The Omega Executive Suites
Class of Space: Class C
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/23/2021

Overview / Comments

Huge upside potential.​ Ideally positioned for investor or owner-user.​

The Omega Executive Suites building is situated one block South of Loop 323 at the corner of Paluxy and Rickety Lane.​ This two story, 11,400 SF building has undergone multiple improvements over the past five years including a new roof, upgraded flooring, key card access, and new energy efficient lighting.​

The building is currently 47.1% occupied.​ The upstairs suites are currently being marketed from $200-250 per month and downstairs suites range from $400-450 per month.​ The building currently has a common conference room that can continue to be a tenant amenity or can be transitioned to an additional source of owner income.​

Additional Details

Nearest MSA: Tyler
County: Smith
Tax ID/APN: 150000109206018000
Zoning: RPO
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1984
Roof Type: Flat
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,733 63,041 110,178
Median Age: 37.41 35.8 34.35
Households: 5,150 26,251 42,744

Contact

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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