1950 N Northwest Loop 323 $1,150,000

    Close

    1950 N Northwest Loop 323 Tyler, TX 75702

    • 1.00 Acres
    • Commercial
    • MLS# 14376591
    Favorite Share
    Views: 54 Days On Site: 145

    Go Tour This Home

    Schedule A Showing

    Property Details

    If you are looking for an excellent investment opportunity, this is Retail Center is the one for you! This 12,000 sqft of retail space is 100% occupied with 7 tenants and a 7% CAP rate with potential for 14% CAP rate. Located in a great and heavily traveled location on the NNW portion of Loop 323. This property has maximum visibility from both directions of traffic, facing Loop 323 with approximately 21,000 vehicles a day driving by. This investment is a great choice with little to no maintenance for the owner.

    • General Features
      • County Or Parish Smith
      • Financing Proposed Cash,Conventional
      • Possession Closing/Funding
      • Property Sub Type COM-Sale
      • Property Type Commercial
      • SQFT Building 12000
      • SQFT Gross 43560
      • SQFT Leasable 12000
      • Subdivision Name Rustic Wood
      • Unexempt Taxes $21,134
      • Utilities All Weather Road, Asphalt
      • Year Built 2015
      • Year Built Details Preowned
    • Building Features
      • Building Area Source Tax
      • Building Use Beauty/Barber,Office,Retail
      • Ceiling Height 8 to10 Feet
      • Construction Materials Walls Cement
      • Flooring Carpet,Ceramic Tile
      • Foundation Details Slab
      • Heating Central Air-Elec,Central Heat-Elec,Zoned
      • Number Of Stories 1
      • Number Of Units 7
      • Parking Features Common Lot,Open,Unassigned Spaces,Uncovered
      • Roof Metal
    • Property Features
      • Lot Number 21
      • Lot Size 1 Acre to 2.99 Acres
      • Lot Size Area 1.000
      • Lot Size Area SQFT 43560.00
      • Lot Size Source Tax
      • Lot Size Units Acres
      • Waterfront Y/N 0
    • Additional Features
      • Tax Legal Description RUSTIC WOOD BLOCK 1238 LOT 21
      • Commercial Features Security Lighting
      • Occupancy Tenant
      • Road Frontage Asphalt,Interstate

    Contact

    Frank Roberts

    Frank Roberts

    Broker Associate/Owner

    RE/MAX Landmark-Commercial Division

    Direct: 972-524-0689

    Neighborhood

    75702 (Tyler) Demographics

    29 Median Age
    2,086 Population Density (per sq. mile)
    13% College Educated
    $30,201 Estimated Median Income
    4,079 Estimated Total Home Owners
    3,967 Estimated Total Renters
    51% / 49% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    28,508 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    5 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,150,000
        8/21/2020 7:33:58 PM Price Reduced Source New Value: $1,150,000 -4.17%
        7/4/2020 11:51:00 AM New in Database Source New Value: $1,200,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        ©2020 North Texas Real Estate Information Systems, Inc. All Rights Reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, North Texas Real Estate Information Systems, Inc.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.