11585 State Highway 64 Tyler, TX 75704
- Warehouses
- 36,705 SF
- 2.16 lot acres
Current Use by Public Records
- Bulldog Storage / Storage Facility
Property Details for 11585 State Highway 64
- Lot size
- 2.16 lot acres
- Property size
- 36,705 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
Description
This exceptional investment opportunity presents a 36,705-square-foot self-storage warehouse facility in Tyler, Texas. Boasting a strong 79% physical occupancy rate, the property generates a substantial net operating income (NOI) of $185,465. The complex comprises ten single-story buildings constructed between 1998 and 2007, situated on a 2.16-acre lot with high visibility frontage on State Highway 64. The property includes 247 units, offering a mix of non-climate-controlled and climate-controlled storage options, along with an on-site office and ample billboard advertising space. Its strategic location offers easy access to The University of Texas at Tyler (2.1 miles) and Downtown Tyler (5.2 miles), serving a robust population of 54,872 within a 5-mile radius, with an average household income exceeding $89,670. The asking price for this well-maintained, high-performing asset is $2,650,000. The property's APN is R020869. This is a rare chance to acquire a thriving self-storage facility in a prime Texas location. The property features 220 non-climate-controlled units, 25 climate-controlled units, one billboard, and one office/warehouse space.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.4149
- Latitude
- 32.3986
