7484 Broadway AveTyler, TX 75703

  • Retail properties
  • 12,690 SF
For Lease

Property Details for 7484 Broadway Ave

Year built
2010
Lot size
1.54 AC
Property size (Sq ft)
12,690 SF
Property type
Retail properties
Property subtype
Retail space
APN
1-50000-1450-01-002000
APU
150000145001002000

Description

Midway Plaza, a Class B retail center in Tyler, Texas, offers a prime storefront opportunity. This single-story, 12,575 square foot building, constructed in 2010, boasts six suites, with one vacant space totaling 2,060 square feet. Located at 7484 S Broadway Ave, zip code 75703, in Smith County, this multi-tenant property enjoys a high-traffic, high-visibility location. The building benefits from 300 feet of frontage along South Broadway Avenue, placing it within Tyler's busiest retail corridor. This convenient location provides easy access to over 50 dining, grocery, and retail establishments within a three-mile radius. The property is categorized as Retail and Restaurant, specifically a storefront tenancy. This presents a unique chance to establish or expand a business in a thriving commercial area. The property's strategic placement ensures significant exposure to a large customer base. This exceptional opportunity is ideal for businesses seeking high visibility and convenient access to a dense concentration of retail activity.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,108,173
    6.5%
    $3,792,160
    7%
    $3,521,291
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,677,268
    Geo Method
    $9,574,133
  • Alternative Use

    Use
    Valuation
    Residential
    $3,198,828
    Hospitality
    $2,930,110
    Educational
    $2,437,817
    Medical
    $2,521,657
    Retail
    $3,792,160
7484 Broadway Ave, Tyler, Texas

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.2674
Longitude
-95.3066
CBSA code
46340
CBSA name
TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,114
$706,378
$963,773
$1,670,151
-
$706,378
$963,773
$1,670,151

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