1424 Front St Tyler, TX 75702

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.