10521 Us-271 Tyler, TX 75708
- Warehouses
- 8,450 SF
- 2.54 lot acres
Current Use by Public Records
- Warehouses
Property Details for 10521 Us-271
- Year built
- 2004
- Lot size
- 2.54 lot acres
- Property size
- 8,450 SF
- Property type
- Warehouses
- Property subtype
- Office Properties & Spaces
Description
This Tyler, Texas property offers a compelling value-add investment opportunity. Located on US-271 with over 20,000 vehicles passing daily, this 2.54-acre site boasts a 8,450 square foot building featuring 3,250 square feet of net rentable space. The main building includes three offices, a conference room, warehouse area with two garage doors, two bathrooms (one with a shower), and a kitchenette. The property also includes 50 self-storage units, currently 85% leased, and a poured concrete pad suitable for expansion. Built in 2004 and renovated in 2023, this Class B property offers significant potential for increased revenue. The property's convenient location, just six miles south of I-20 and four miles north of Loop 323, ensures high visibility and easy access. The asking price is $1,100,000, translating to $130.18 per square foot. Note that a separate cell tower lease is not included in the sale. This mixed-use property, encompassing flex space, traditional office space, and warehouse space, presents a rare chance to acquire a well-positioned income-generating asset in a thriving industrial sector. The existing self-storage units provide immediate cash flow, while the remaining space offers significant potential for further development and lease-up.
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
- -95.2323
- Latitude
- 32.4143
