Current Use by Public Records
- Retail properties & Spaces
Property Details for 2119 Loop
- Year built
- 2000
- Lot size
- 0.42 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 3,055-square-foot Class A medical office building presents a unique investment opportunity in Tyler, Texas. Situated at the highly visible intersection of Loop 323 and Troup Highway, this single-tenant property boasts unmatched visibility with 70,000 cars passing daily. Built in 2000 and extensively renovated in 2014, the building features a new single-membrane roof, updated HVAC, plumbing, and electrical systems. The 0.42-acre lot includes 18 parking spaces. The property's strategic location benefits from proximity to major retailers including Walmart Neighborhood Market, Hobby Lobby, At Home, McDonald's, Walgreens, Chick-fil-A, Starbucks, and the Broadway Square Mall, the only regional mall in East Texas. Furthermore, its adjacency to the University of Texas at Tyler, with its over 9,000 students and a newly announced medical program, ensures a strong and growing potential customer base. Smith County's impressive 2.22% annual population growth further underscores the long-term viability of this investment. The property is currently configured as a medical office but offers potential for conversion to fast food, given its high visibility and traffic count. Property taxes are $2.99 per square foot. The building is one story and has no elevators.
Value Estimations
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AI approach
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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
- -95.2749
- Latitude
- 32.3104
