1215 5th St Tyler, TX 75701-3441
This vacant, 1,876-square-foot storefront property at 1215 E 5th St, Tyler, TX 75701, presents a compelling redevelopment opportunity. Currently configured as a car wash, this C-2 zoned property sits on a 0.4-acre lot and boasts high visibility with a daily traffic count of 17,000 vehicles. Built in 1954 and renovated in 1985, the single-story building consists of two structures totaling 1,876 square feet of net rentable space. Its prime location offers exceptional accessibility and exposure, situated just 0.5 miles from the burgeoning UT Medical School and directly across from Tyler Junior College in Smith County. The asking price is $595,000, translating to $317.16 per square foot. This property's strategic position and high traffic volume make it an ideal investment for entrepreneurs seeking a high-impact location in a thriving Texas market. The vacant status allows for immediate customization and adaptation to a wide range of commercial uses. This is a rare chance to acquire a well-positioned property in a rapidly developing area of Tyler.
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Splash Car Wash Car Wash
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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