713 W Southwest Loop 323, Tyler, TX 75701 - MLS#20534343

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Debbie Waters

debbiewaters@ziglarrealty.com +1(972) 841-8461

$2,900,000

Est. payment - /mo

1.42 Acres Lot

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UPDATED:

12/09/2024 05:08 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision City Of Tyler

MLS Listing ID 20534343

Total Fin. Sqft 15327

Year Built 1976

Annual Tax Amount $20,946

Lot Size 1.421 Acres

Acres 1.421

Lot Dimensions 275x230

Property Description

The River Oaks Shopping Center is situated on approximately 1.42 acres of land and is currently occupied by a diverse tenant mix. This shopping center is positioned on a prime location on Loop 323 with the center surrounded by national retailers. With almost 36K vehicles per day and 280 ft of road frontage, the center is positioned for long term tenancy due to exposure and surrounding users. The center had extensive updates and improvements completed in 2021, including state-of-the-art HVAC units, upgraded plumbing lines above and below the slab, and a new roof in 2024. The overall enhancements to the center create an inviting atmosphere that will undoubtedly attract customers and drive business. Featuring a convenient drive-through on the East side, with an easement connecting Loop 323 to Shelly Drive. At 71% occupancy, there's still room for increased occupancy, allowing you to maximize your returns. Plus, all leases are on a NNN basis, meaning tenants take care of owner expenses.

Location

State TX

County Smith

Zoning Commercial

Direction North on Broadway. Take a left on Loop 323, cross over Old Bullard and property is .25 miles on the right.

Interior

Heating Natural Gas

Cooling Electric

Flooring Other

Heat Source Natural Gas

Exterior

Utilities Available Asphalt, City Sewer, City Water, Concrete, Curbs, Electricity Connected, Individual Gas Meter, Overhead Utilities

Roof Type Flat

Garage No

Building

Lot Description Level

Foundation Slab

Structure Type Other

Others

Ownership Tyler Investments Group LLC

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Aerial Photo

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Sam Scarborough • Scarborough Commercial Real LL

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Debbie Waters

+1(972) 841-8461

Agent | License ID: 0623163

Agent License ID: 0623163