1500 Southwest Loop 323 Tyler, TX 75701
- Retail properties
- 5,964 SF
- 1.74 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1500 Southwest Loop 323
- Year built
- 1980
- Lot size
- 1.74 lot acres
- Property size
- 5,964 SF
- Property type
- Retail properties
Description
This exceptional 5,964 square foot retail building, situated on a 1.74-acre lot at 1500 W Southwest Loop 323 in Tyler, Texas, presents a remarkable investment opportunity. Previously occupied by Red Lobster, this property boasts an unparalleled location on one of Tyler's busiest commercial thoroughfares, experiencing over 35,000 vehicles daily. The high visibility and substantial traffic volume ensure significant exposure for any business. The sale includes all fixtures, furniture, and equipment (FF&E), making it a truly turnkey operation, ideal for a restaurant or similar venture. Ample on-site parking is available for customer convenience. The flexible interior layout offers adaptability to suit a variety of business needs. Easy access to major roadways ensures convenient access for both customers and employees. This property benefits from its strategic placement within an established commercial area, surrounded by a thriving mix of retail, dining, and other commercial establishments. This vibrant and growing market provides a strong foundation for success. The asking price is $2,750,000. This is a rare chance to acquire a prime retail space in a high-demand location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.318
- Latitude
- 32.303
