Restaurant - I-20/Hwy 69

Retail-Commercial for Sale
Catylist Listing ID: 30744876
Property Subtypes: Restaurant
Building Size (RSF): 4,578 SF
Gross Building Area: See Agent
Gross Land Area: 1.18 Acres
Sale Price: $1,100,000
Unit Price: $240.28 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 8/4/2021

Overview / Comments

Restaurant space for sale 550 ft from I-20 and Hwy 69 intersection.​ 1.182 acres.​ Prime site for restaurant operator or redevelopment opportunity.​ C-2 (general commercial) zoning supports many different types of commercial businesses.​ 27,000+ traffic count per day.​ FFE (fixtures, furniture, and equipment) included in the sale.​ Property has curb cuts on Hwy 69 and CR 472.​ New construction surrounding property including CHRISTUS Trinity Mother Frances HealthPark constructing a new Emergency Care Center set to begin in late summer 2021 bringing in 125 on-site associates to the facility.​

Link to article: https://www.​christushealth.​org/trinity/about/news/2021/emergency-care-center-in-lindale

Additional Details

Nearest MSA: Tyler
County: Smith
Tax ID/APN: 100000037100001012
Zoning: C-2 GENERAL COMMERCIAL
Retail Clientele: General, Family, Business, Traveler
Property Visibility: Excellent
Largest Nearby Street: I-20
Feet of Frontage: 170
Traffic/Vehicle Count: 27,185
Highway Access: 550 ft north of I-20/Hwy 69 Intersection
Number of Stories: 1
Property Condition: Excellent
Year Built: 1992
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Fiber Optic
Interior Description: Restaurant finish out with FFE included.
Zoning Description: General Commercial
Lot Frontage: 170
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,799 18,345
Median Age: 33.92 38.72
Households: 3,277 6,584

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