Retail Space in Booming
For Lease
$5,333/Mo
527 W Erwin St, Tyler, TX 75702
3,600 SF retail space available in downtown Tyler.
Space SizeContact for details
Days on Market2094
Property Features for 527 W Erwin St
General Information
Standard status
Active
Listing Agency:
Scarborough Commercial Real Estate
(909) 707-8560
Listed By:
Sam Scarborough · License #0687976
(903) 570-7366
Source:
Exprealty
Added: Jan 18, 2021
Changed: Oct 11
Last Checked: Oct 13 at 2:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scarborough Commercial Real Estate
Investment Insights
Based on property information with market context.
Available for lease is a 3,600 square feet retail space suitable for various retail purposes, including a restaurant. Located in the booming downtown Tyler market, the landlord is prepared to offer a substantial Tenant Improvement (TI) allowance or a free rent period to assist a new tenant in establishing their business. Architectural plans specifically designed for a restaurant space are available upon request. The downtown area is anticipated to experience significant growth in the coming years, driven by both new and ongoing projects. These include a proposed new County Courthouse, breweries, restaurants, bars, shows, and enhanced walkability throughout the downtown area. Interested parties have the opportunity to collaborate with the developer to customize the space to meet their specific needs and create an environment conducive to their success.
Key Highlights
- 3,600 sq ft retail space, ideal for restaurants and various other retail businesses.
- Significant Tenant Improvement (TI) allowance/free rent to help establish your business.
- Located in the rapidly developing downtown Tyler market.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,861
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Apparel 21%
Shops & Services 10%
Wendy's
Dining
11,028 visits/mo
0.4 miles
Goodwill
Apparel
3,415 visits/mo
0.1 miles
Enterprise Rent-A-Car
Shops & Services
1,539 visits/mo
0.4 miles
Demographics for 75702, TX
26,777
Population
10,273
Households
2.6
Avg Household Size
32
Median Age
8%
College-Educated
72%
High-School Grad
14.1 sq mi
ZIP Area
1,899
Density / Sq Mi
$51,177
Median Household Income
$30,399
Median Earnings
$906
Median Rent
$99,700
Median Home Value
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Market
Lease Benchmarks for Tyler, TX
$19.81 /SF/Yr
Avg Asking Price
$10.33–$43.85 /SF/Yr
Price Range
3,445 SF
Avg Space Size
This space is priced 19% below the average of $19.81 /SF/Yr.
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - 3,600 SF retail space available in downtown Tyler.
Where is this retail space located?
The property is located at 527 W Erwin St Tyler, TX.
What is the lease rate?
The lease rate is $5,333/Mo.
What are key features of this property?
This property features: 3,600 sq ft retail space, ideal for restaurants and various other retail businesses.; Significant Tenant Improvement (TI) allowance/free rent to help establish your business.; Located in the rapidly developing downtown Tyler market.
