1202 Bennett Ave Tyler, TX 75701-2501

Property Details for 1202 Bennett Ave

Year built

1976

Construction

STEEL FRAME

Lot size

1.28 lot acres

Property size

15,000 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

1-50000-0855-01-020050

APU

150000085501020050

Description

This exceptional 15,000-square-foot warehouse in Tyler, Texas, presents a compelling owner-user opportunity. Situated on a 1.278-acre lot, the property features a spacious 12,750-square-foot warehouse with a 17' 9" ceiling height, efficient LED lighting, and wall-mounted gas heaters. Two 12' x 12' overhead doors ensure easy access for equipment and materials. The building also includes 2,250 square feet of updated office space, complete with a reception area, seven individual offices, a modern kitchen, and 1.5 bathrooms. Currently leased with a remaining term of 4.3 years (expiring March 1, 2029), the lease is a NNN type with a commencement date of May 1, 2024. The property's location near new building growth in Smith County, Texas, at 1202 S Bennett Ave, Tyler, TX 75701, offers excellent potential for future appreciation. Built in 1976, this single-story building provides a solid investment opportunity with a current asking price of $775,000, representing $51.67 per square foot. The property is ideally suited for a variety of industrial uses and offers a strong return on investment. The lease includes rental increases in years four and five.

Location Insight

City

Tyler

County

Smith

State

Texas

Longitude

-95.3361

Latitude

32.3355

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments