$2,900,000
1.42± Acres
Active
Smith County, TX

713 Southwest Loop 323, Tyler, Texas

MLS ID: 20534343
Status: Active
Price: $2,900,000
Acres: 1.42±
Type: Business, Commercial
Address: 713 Southwest Loop 323
City, State: Tyler, TX
County: Smith County
ZIP Code: 75701
Parcel Number: 150000129600020110
Year Built: 1976

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.

Directions: North on Broadway. Take a left on Loop 323, cross over Old Bullard and property is .25 miles on the right.

Additional Information

Interior

Building Area Total: 15,327
Cooling (Yes/no): Yes
Cooling: Electric
Heating (Yes/no): Yes
Heating: Natural Gas

Exterior

Foundation Details: Slab
Inclusions: Land & Improvements
Lot Features: Level
Lot Size Area: 1
Lot Size Dimensions: 275x230
Lot Size Source: Assessor
Lot Size Square Feet: 61,899
Parking Features: No Garage, On Site, Paved, Parking Lot, Unassigned
Road Frontage Type: Highway
Road Surface Type: Asphalt
Roof: Flat
Water Source: Public

Financial/HOA/Schools

Subdivision Name: City Of Tyler
Tax Annual Amount: 20946
Zoning Description: Commercial
Hunter Stephens

Hunter Stephens

Paris, Texas

(903) 491-9516

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of February 8, 2025 at 12:00:00 AM UTC.

You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: February 8, 2025 at 12:00:00 AM UTC

Listed By: Sam Scarborough of Scarborough Commercial Real Ll