1500 Loop Tyler, TX 75701
- Retail properties
- 5,964 SF
- 1.74 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1500 Loop
- Year built
- 1980
- Lot size
- 1.74 lot acres
- Property size
- 5,964 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
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
- -95.3181
- Latitude
- 32.303
