Address
713 W Southwest Loop 323, Tyler, TX
Price
$ 3,100,000
Property Attributes
- MLS#20534343
- TypeCommercial
- CountySMITH
- CityTyler
- NeighborhoodCity Of Tyler
- Zip75701
- StyleRetail
- Year Built1976
- Taxes$ 20946
- Price$ 3,100,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.421 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
The River Oaks Shopping Center is situated on approximately 1.42 acres of land and is currently occupied by a diverse tenant mix. This shopping center is positioned on a prime location on Loop 323 with the center surrounded by national retailers. With almost 36K vehicles per day and 280 ft of road frontage, the center is positioned for long term tenancy due to exposure and surrounding users. The center had extensive updates and improvements completed in 2021. From brand new roof systems to state-of-the-art HVAC units, upgraded plumbing lines above and below the slab. The overall enhancements to the center create an inviting atmosphere that will undoubtedly attract customers and drive business. Featuring a convenient drive-through on the East side, with an easement connecting Loop 323 to Shelly Drive. At 71% occupancy, there's still room for increased occupancy, allowing you to maximize your returns. Plus, all leases are on a NNN basis, meaning tenants take care of owner expenses.
| Price History | |
|---|---|
| 2/13/2024 | Listed $3,600,000 |
| 3/4/2024 | 6% - $3,400,000 |
| 3/26/2024 | 9% - $3,100,000 |
General Features
| Heating | Natural Gas |
|---|---|
| Cooling | Electric |
| Utilities | Asphalt,City Sewer,City Water,Concrete,Curbs,Electricity Connected,Individual Gas Meter,Overhead Utilities |
| Ceiling Height | 11 to 14 Feet,Suspended |
| Possession | Closing/Funding |
| Roof | Flat |
| Year Built | 1976 |
| Tenant Pays | All Utilities,Common Area Maintenance,Insurance,Taxes |
| Topography | Level |
| Business Type | Commercial,Retail |
| Unexempt Taxes | 20946 |
| Building Use | Retail |
| Will Subdivide | No |
| Gross Annual Expenses | 51408.00 |
| Property SubType | Retail |
| Subdivision Name | City Of Tyler |
| Accessibility Features | Meets ADA Requirements |
| Zoning Description | Commercial |
| Insurance Expense | 13000 |
| Occupant Type | Tenant |
| County | Smith |
| Operating Expense Includes | Insurance,Maintenance,Maintenance Grounds,Utilities |
| Property Type | Commercial Sale |
| Security Features | Fire Alarm,Smoke Detector(s) |
| Construction Materials | Other |
| Year Built Details | Preowned |
| Special Notes | Aerial Photo |
| Status | Active |
| Directions | North on Broadway. Take a left on Loop 323,cross over Old Bullard and property is .25 miles on the right. |
| City | Tyler |
| Buyer Agent Compensation | 3 |
| Street Name | Southwest Loop 323 |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20534343 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Flooring | Other |
|---|---|
| Total Stories | 1 |
| Total Units | 9 |
| SQFT Gross | 15327 |
| Lock Box Type | None |
Exterior Features
| Lot Features | Level |
|---|---|
| Lot Size Source | Assessor |
| Parking Features | No Garage,On Site,Parking Lot,Paved,Unassigned |
| Lot Size | 1 to < 3 Acres |
| Foundation | Slab |
| Lot Size Area | 1.4210 |
| Lot Size Dimensions | 275x230 |
| Lot Size Units | Acres |
| Building Area Total | 15327.00 |
| Road Frontage Type | Highway |
| Lot Size Square Feet | 61898.7600 |
| Lot Size Acres | 1.4210 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 75701
Price
Visits
Year Built
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