Property profile

1500 Loop Tyler, TX 75701

OFF-MARKET
Retail properties & Spaces
5,964 SF 1.74 ac lot Built 1980
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Property summary

AI-generated overview

This vacant 5,964 square foot restaurant building, formerly a Red Lobster, is situated on a 1.737-acre lot at 1500 W SW Loop 323 in Tyler, Texas, 75701. Boasting a prime location in a bustling commercial area, this property enjoys exceptional visibility and high traffic counts exceeding 35,404 vehicles daily (2023 data). The C-2 Commercial zoning allows for versatile use, including restaurant, retail, or office space. The single-story, 1980-built structure offers ample on-site parking, catering to the needs of any business. The building's interior layout is flexible, adapting to various operational requirements. Its strategic location within a thriving commercial hub, surrounded by established businesses, ensures significant customer exposure. All existing fixtures, furniture, and equipment (FF&E) are included in the sale price of $2,750,000, presenting a turnkey opportunity for prospective buyers. This property represents a significant investment opportunity in a dynamic and growing market.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1980
Total area 5,964 SF
Lot 1.74 ac (75,664 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1500 Loop Tyler, TX 75701
Tyler metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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