713 W Southwest Loop 323 - Freestanding FOR SALE


Tyler, TX 75701
$2,900,000 USD
903-570-7366
713 W Southwest Loop 323, Tyler, TX for Sale
$2,900,000 USD
Freestanding - FOR SALE
1/18
null | 6.39% Cap Rate

713 W Southwest Loop 323
Tyler, TX 75701


HIGHLIGHTS

  • High-performing intersection with excellent visibility and a traffic count of 36,000 cars per day.
  • 275 feet of frontage on Southwest Loop.
  • Convenient drive-through on the East side, with an easement connecting Loop 323 to Shelly Drive.

OVERVIEW

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. Owner financing is available for approved buyers.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$189 USD /SF

CAP RATE

6.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Oaks Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

C-1

APN/PARCEL ID

15000-0129-60-0020110

ASK ABOUT THIS PROPERTY

Samuel Scarborough CCIMScarborough Commercial Real EstateMore Info
903-570-7366

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Samuel Scarborough CCIMScarborough Commercial Real EstateMore Info
903-570-7366

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.