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Property profile & analytics
OFF-MARKET
Turn key restaurants

2512 Erwin St Tyler, TX 75702

5,436 SF 1.54 ac lot Built 1952
Individually Owned 7-yr Hold Free & Clear
Property ID
US82-8628888
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ana Ramirez-vela · 7 yrs held
Ana Ramirez-vela
since 2018
4 recorded transactions
2018
Price N/A
2017
Price N/A
2016
$35,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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