Current Use by Public Records
- 2M Automotive / Auto Repair Shop
Property Details for 4064 Broadway Ave
- Year built
- 1977
- Lot size
- 2.67 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents two industrial warehouse buildings totaling 16,806 square feet situated on a 2.668-acre lot in Tyler, Texas. The property, located at 4064 S Broadway Ave, boasts a prime location with excellent ingress/egress via a stoplight on Broadway Avenue and new pylon signage (coming Q4 2024). The East building (7,920 sq ft) is pre-leased to an automotive tenant on a three-year NNN lease commencing August 31, 2024, featuring annual rent increases. The West building (8,886 sq ft) is newly renovated and ready for leasing, offering multiple tenant unit options ranging from 698 to 3,743 square feet. Both buildings are single-story structures built in 1977, with the entire property undergoing renovations in 2024. The property features ample paved yard space secured by fencing and is zoned C-2. This is a rare opportunity to acquire a value-add property with immediate income generation and significant upside potential. The asking price is $1,400,000, representing a price per square foot of $83.30. The property's APN is R229210. This is a multi-tenant property with rent bumps included in the lease agreements.
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
- -95.2999
- Latitude
- 32.3057
