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$450,000
Est. payment /mo
2,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $160
MLS Listing ID 26010421
Construction Status Pre-owned
Year Built 1978
Annual Tax Amount $1,372
Tax Year 2026
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Building
Source Greater Tyler Association of REALTORS
Property Description
Fully occupied 3-tenant retail investment opportunity located along E Southeast Loop 323 in Tyler, Texas. The property consists of approximately 2,800 SF and offers investors in-place income with long-term tenancy, visibility, and future upside through under-market rents. The building is currently 100% occupied by three tenants, each of whom has operated at the property for 12+ years, providing a strong history of tenant stability and location commitment. Current NOI is $36,992, providing an 8.22% cap rate at the $450,000 asking price. Positioned along one of Tyler's major commercial corridors, the property benefits from excellent visibility on Loop 323 with traffic counts of approximately 41,000 vehicles per day nearby. The location sits just east of Troup Highway and between Troup Highway and University Blvd. With established tenants, term remaining, below-market rents, and strong Loop 323 exposure, this is a rare small-format retail investment opportunity with both immediate cash flow and long-term rental upside.
Location
State TX
County Smith
Interior
Furnishings Pre-owned
Building
Lot Description Inside City Limits, Major Arteries, Shopping Center
Construction Status Pre-owned
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Listed by Cole Ihrig Ihrig Properties
Nearby School & Business
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Terry McNeill
REALZTOR®, PSA, CREN | License ID: 0642513
REALZTOR®, PSA, CREN License ID: 0642513