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    106 Elm St Tyler, TX 75702

    Sponsored
    For Lease
    $12 SF/Yr

    Prime Retail/Office Space, Downtown Tyler

    Lot size:
    110,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A commercial property, located at 106 E Elm St, Tyler, TX 75702, offers 9,200 square feet of versatile retail space in the heart of downtown. Situated on a 0.249-acre lot at the corner of Broadway and Elm, this 110,000 square-foot building, constructed in 1950 and extensively renovated in 2022, boasts two suites, with a minimum divisible space of 3,000 square feet and a maximum contiguous space of 9,200 square feet. The space is currently vacant and features a 14' 10" ceiling height, primed drywall, electrical outlets, dedicated water lines, suspended air handler units, LED lighting, and an existing concrete slab. The property is zoned DBAC (Commercial/Residential Mix) in Smith County and includes convenient garage and street parking. A tenant improvement allowance of $20 per square foot is available to help customize the space. The location benefits from proximity to new residential developments, the medical district, a proposed courthouse, and a parking garage, making it ideal for a restaurant, bar, boutique grocery store, or other retail businesses. The property is expected to be delivered in warm shell condition in Q1 2024. Annual property taxes are $3 per square foot.

    Property Features for 106 Elm St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    110,000 SF
    Class
    A
    Total Rate
    110000

    Building Details

    Year Built/Renovated
    1950/2022
    Buildings
    1

    Unit(s) available at that property

    Space
    Basement - 3200 SF Retail/Office Space
    Size
    3,200 SF
    Rate per SF
    $12
    Space
    1st Floor - 6000 SF Retail Space
    Size
    6,000 SF
    Rate per SF
    $15

    HighLights

    • 100+ Apartment Units Above Retail Space
    • Warm shell delivery; contact broker for details
    • $20/SF tenant improvement allowance offered
    • Excellent location near residential, medical facilities, the proposed Smith County Courthouse, and established retail
    • Adjacent parking garage across Broadway
    • Available Q1 2024
    Property Profile Location Intelligence

    Current Use by Public Records

    Sheriff Department Civil ... Sheriff'S Department

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    95.3016291
    Latitude
    32.3497614

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail/Office Space, Downtown Tyler
    Where is this restaurant located?
    The property is located at 106 Elm St Tyler, TX.
    What is the lease rate?
    The lease rate is $12-$15 SF/Yr.
    What are key features of this property?
    This property features: 100+ Apartment Units Above Retail Space; Warm shell delivery; contact broker for details; $20/SF tenant improvement allowance offered
    Request Owner's contact information
    106 Elm St Tyler, TX 75702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106 Elm St Tyler, TX 75702
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