$3,198,000
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10,964 SqFt
SOLD DATE : 02/10/2023
Key Details
Property Type Single Family Home
Sub Type Building
Listing Status Sold
Purchase Type For Sale
Square Footage 10,964 sqft
Price per Sqft $291
Subdivision Tx
MLS Listing ID 10159020
Sold Date 02/10/23
Lot Size 1.462 Acres
Acres 1.462
Lot Dimensions 1.462ac
Property Description
Triple net investment opportunity in East Texas with Tex-Mex restaurant concept. Tenant has a long term lease and is in proximity to high average household income fronting Tyler's newest retail corridor in South Tyler, Old Jacksonville Hwy. Location has remained one of the top two restaurant locations for alcohol sales in Smith County within the last 11 months [December 2021 - October 2022] (Source: Texas Comptroller). 100% leased. Excellent visibility. Ingress/egress on Old Jacksonville Hwy. Zoned C-1; Light Commercial. Ample parking. Sprinkled. Easy access to Toll 49, Loop 323, and S. Broadway (Hwy 69). Traffic Counts: ~27,079 VPD at Oak Hill Blvd/Old Jacksonville Hwy (Source: TxDOT 2021).
Location
State TX
County Smith
Area Smith
Zoning Commercial,Other/See Remarks
Exterior
Waterfront No
View Y/N No
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Cash
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Bought with NON MEMBER AGENT
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