Active
713 W Southwest Loop 323
Tyler TX, 75701
$2,900,000
$189.21 per sqft
Active
15,327 sqft
Commercial
Built in 1976
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.
20534343
MLSⓇ ID
December 9, 2024
Updated
Map
713 W Southwest Loop 323
Tyler TX, 75701
Interior Features
Total Stories
1
Floor Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
1.42 Acres
Lot Features
Level
Roof
Flat
Sewer
Public Sewer
Other Property Details
Taxes
$20,946
Tax Frequency
Annually
Days on Market
300
Garage
No
Parking
No Garage, On Site, Paved, Parking Lot, Unassigned
View
No
County
Smith
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
12/9/2024 | Price change | $2,900,000 -7% |
3/26/2024 | Price change | $3,100,000 -9% |
3/4/2024 | Price change | $3,400,000 -6% |
Listed by Sam Scarborough with Scarborough Commercial Real LL
Listing Contact: 903-707-8560
The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 12/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 12/9/2024 at 5:41 PM UTC