1424 Front St Tyler, TX 75702
- Office Properties & Spaces
- 16,542 SF
- 3.74 lot acres
Current Use by Public Records
- CHRISTUS Trinity Clinic / Eye Care Center / Optometrist
- Thomas Dehaven, MD / Ophthalmologist
- John Deaton, OD / Optometrist
- Rebecca Jones, MD / Doctor
- John Ketcher, OD / Optometrist
Property Details for 1424 Front St
- Year built
- 1983
- Lot size
- 3.74 lot acres
- Property size
- 16,542 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a 16,542-square-foot medical office building situated on a 3.74-acre lot in Tyler, Texas. The property, built in 1983, boasts a strong 8.5% capitalization rate and a Net Operating Income (NOI) of $297,500. Currently 100% leased to a well-established corporate tenant in the medical field, providing a stable income stream secured by a corporate guarantee. The building features four single-story structures and offers significant frontage and access along three sides, including approximately 520 feet along East Front Street, a high-traffic area with approximately 117,000 vehicles per day (VPD, 2018 data). Additional on-site storage is available. Its convenient location is less than half a mile from the medical district and Tyler Junior College. The property is zoned C-1, RPO, and R-MF, offering flexibility for future development. The asking price is $3,500,000, translating to $212 per square foot. This is a Triple Net (NNN) lease. The property's address is 1424 E Front St, Tyler, TX 75702, and its APN is 15000-0023-80-0027000.
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
- -95.2831
- Latitude
- 32.3469
