2512 Erwin St Tyler, TX 75702
This exceptional opportunity presents the chance to acquire Gilbert's El Charro, a well-established restaurant deeply rooted in Tyler, Texas's culinary history. Situated on a substantial 1.67-acre lot with 440 feet of prime road frontage easily accessible from E. Erwin St. via NNE Loop 323, this property offers unparalleled visibility and convenient access for customers throughout the Tyler metro area. The existing building, totaling 5,436 square feet, features three buildings and two stories, built in 1952, and is zoned for Light Industrial use. Ample parking surrounds the property, ensuring convenient access for patrons. The property is offered for sale at $955,000, representing a price per square foot of $175.68. This presents a unique opportunity for an established restaurant to expand or a new venture to capitalize on a prime location and existing infrastructure. The property's history and location provide a strong foundation for continued success in the vibrant Tyler dining scene. The sale includes 100% ownership. Don't miss this chance to own a piece of Tyler's culinary legacy.
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
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.