Property profile

2512 Erwin St Tyler, TX 75702

OFF-MARKET
Turn key restaurants
Property ID
US82-8628888
5,436 SF 1.54 ac lot Built 1952
Individually Owned 8-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1952
Total area 5,436 SF
Lot 1.54 ac (67,257 SF)
APN 1-50000-0917-00-003000
UPID US82-8628888

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2512 Erwin St Tyler, TX 75702
Tyler metro Census 600 TYLER, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
2017
Price N/A
2016
$35,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2512 Erwin St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message