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713 W Southwest Loop 323

Tyler, TX 75701
  • $3,100,000
  • STATUS: Active
  • ON SITE: 120 Days
  • MLS #: 20534343
$3,100,000
  • 0
    BEDS
  • 1.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1976
County:
Area:

School Ratings & Info

Offered by Sam Scarborough of Scarborough Commercial Real LL: .

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. From brand new roof systems to state-of-the-art HVAC units, upgraded plumbing lines above and below the slab. 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.

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-06-12T23:41:12.15.
www.teamrobbins.com/homes/147569049
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713 W Southwest Loop 323 Tyler, TX 75701

  • Price: $3,100,000
  • Status: Active
  • On Site: 120 Days
  • MLS #: 20534343
0
Beds
0
Baths
0
½ Baths
1.42
Acres
1976
Built
Neighborhood:
City Of Tyler
County:
Smith
Area:
Tyler
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. From brand new roof systems to state-of-the-art HVAC units, upgraded plumbing lines above and below the slab. 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.
Exterior Features

Construction Other Foundation Slab Lot Description Level Lot Dimensions 275x230 Lot Size Source Assessor Parking Or Garage No GarageOn SiteParking LotPavedUnassigned Road Frontage Type Highway Roof Flat

Interior Features

Accessibility Features Meets ADA Requirements Ceiling Height 11 to 14 FeetSuspended Cooling Electric Flooring Other Handicap YN Yes Heating Natural Gas Sq Ft Gross 15327

Property Features

Alarm Or Security Type Fire AlarmSmoke Detector(s) Building Area Source Owner Building Area Total 15327.00 Building Use Retail Construction Status Preowned Gross Annual Expenses 51408.00 Gross Annual Income 262250.00 Insurance Expense 13000 List MLSProvider Metrotex Association Of Realtors Listing Terms CashConventional Multi Zoning No Municipal Utility District No Net Operation Income 182327 Operating Expense Includes InsuranceMaintenanceMaintenance GroundsUtilities Possession Closing/Funding Property Type Retail Special Notes Aerial Photo Tenant Pays All UtilitiesCommon Area MaintenanceInsuranceTaxes Transaction Includes Land & Improvements Unexempt Taxes 20946 Utilities AsphaltCity SewerCity WaterConcreteCurbsElectricity ConnectedIndividual Gas MeterOverhead Utilities Will Subdivide No Zoning Commercial

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-06-12T23:41:12.15.
 
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Robbins Real Estate Group
1920 McKinney Ave WeWork/Robbins Real Estate Group
Dallas TX, 75201
Offered by Sam Scarborough of Scarborough Commercial Real LL: .