HISTORIC DISTRICT DOWNTOWN TYLER BUILDING FOR SALE

Special Purpose for Sale
Catylist Listing ID: 30561489
Building Size (RSF): 7,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.06 Acres
Sale Price: $350,000
Ceiling: 15 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/1/2020

Overview / Comments

Want to grab a piece of downtown Tyler while it is still affordable and make a space that you can call your own? Here is your chance. One of a few buildings left for sale on the square. $40K of framing has been done by seller that can be used by new buyer. The seller is a general contractor by trade and can make your vision a reality for an economical price. This historic 3 story property has so many options that it could be turned into. Bar, comedy club, apartment housing, office space, etc. With a new 112 unit apartment complex being constructed down the street, this property is in a prime position to benefit from that foot traffic. Across the street in the Plaza Tower building, Andys Frozen custard, Cafe 1948 and True Vine Brewery are opening retail locations that will drive more business downtown along with the current businesses located in Downtown: East Texas Brewery, Don Juans, Jack Ryans, Ricks on the Square, Chick Fil-A and many others.

Additional Details

Nearest MSA: Tyler
County: Smith
Tax ID/APN: 150000000200018000
Property Visibility: Excellent
Largest Nearby Street: Broadway Avenue
Feet of Frontage: 25
Site Description: 3 story building, downtown Tyler
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 7,500 SF
Year Built: 1983
Roof Type: Other
Construction/Siding: Brick, Other
Parking Type: Surface
Parking Description: Street parking
Sprinklers: None
Interior Description: In process of being renovated
Zoning Description: DBAC
Lot Frontage: 30
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: CITY OF TYLER BLOCK 2 LOT 18

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,839 61,800 94,468
Median Age: 27.68 32.61 33.71
Households: 3,635 21,927 36,433

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