713 W Southwest Loop 323, Tyler

$3,100,000

0 Beds
0 Baths
0 Sqft
1.42 Acres
0 Garages

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.

Essential Information
MLS® #20534343
Price$3,100,000
Bathrooms0.00
Acres1.42
Year Built1976
TypeCommercial Sale
Sub-TypeRetail
StatusActive
Community Information
Address713 W Southwest Loop 323
SubdivisionCity Of Tyler
CityTyler
CountySmith
StateTX
Zip Code75701-9460
Amenities
Utilities

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

Garages

Parking Lot, No Garage, On Site, Paved, Unassigned

Interior
HeatingNatural Gas
# of Stories1
Stories1
Exterior
Lot DescriptionLevel
RoofFlat
ConstructionOther
FoundationSlab
Additional Information
ZoningCommercial
Listing Details
AgentSam Scarborough
OfficeScarborough Commercial Real LL
Property History
Price Reduced from $3,400,000 to $3,100,000
Price Reduced from $3,600,000 to $3,400,000

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Listing information last updated on November 26th, 2024 at 9:16am CST.

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