713 W Southwest Loop 323 Active Save Request In-Person Tour Request Virtual Tour
Tyler,TX 75701
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision City Of Tyler
MLS Listing ID 20534343
Total Fin. Sqft 15327
Year Built 1976
Annual Tax Amount $20,946
Lot Size 1.421 Acres
Acres 1.421
Lot Dimensions 275x230
Property Description
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.
Location
State TX
County Smith
Zoning Commercial
Direction North on Broadway. Take a left on Loop 323, cross over Old Bullard and property is .25 miles on the right.
Interior
Heating Natural Gas
Cooling Electric
Flooring Other
Heat Source Natural Gas
Exterior
Utilities Available Asphalt,City Sewer,City Water,Concrete,Curbs,Electricity Connected,Individual Gas Meter,Overhead Utilities
Roof Type Flat
Parking Type No Garage,On Site,Parking Lot,Paved,Unassigned
Garage No
Building
Lot Description Level
Foundation Slab
Structure Type Other
Others
Ownership Tyler Investments Group LLC
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Aerial Photo