Tyler, TX 75701 713 W Southwest Loop 323
$2,900,000
7 more
Presented By: Sam Scarborough with Scarborough Commercial Real LL;
Home Details
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.
Presented By: Sam Scarborough with Scarborough Commercial Real LL;
Interior Features for 713 W Southwest Loop 323
Other Interior Features
SQFT Gross15327
Lock Box TypeNone
FlooringOther
Total Stories1
Total Units9
General for 713 W Southwest Loop 323
Accessibility FeaturesMeets ADA Requirements
Building UseRetail
Business TypeCommercial, Retail
Ceiling Height11 to 14 Feet, Suspended
CityTyler
Construction MaterialsOther
CoolingElectric
CountySmith
DirectionsNorth on Broadway. Take a left on Loop 323, cross over Old Bullard and property is .25 miles on the right.
Gross Annual Expenses51408.00
HeatingNatural Gas
Insurance Expense13000
Occupant TypeTenant
Operating Expense IncludesInsurance, Maintenance, Maintenance Grounds, Utilities
PossessionClosing/Funding
Property SubtypeRetail
Property TypeCommercial Sale
RoofFlat
Security FeaturesFire Alarm, Smoke Detector(s)
Special NotesAerial Photo
Standard StatusActive
StatusActive
Subdivision NameCity Of Tyler
Tenant PaysAll Utilities, Common Area Maintenance, Insurance, Taxes
TopographyLevel
Unexempt Taxes20946
UtilitiesAsphalt, City Sewer, City Water, Concrete, Curbs, Electricity Connected, Individual Gas Meter, Overhead Utilities
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1976
Year Built DetailsPreowned
Zoning DescriptionCommercial
Exterior for 713 W Southwest Loop 323
Building Area Total15327.00
Foundation Slab
Lot FeaturesLevel
Lot Size1 to < 3 Acres
Lot Size Acres1.4210
Lot Size Area1.4210
Lot Size Dimensions275x230
Lot Size SourceAssessor
Lot Size Square Feet61898.7600
Lot Size UnitsAcres
Parking FeaturesNo Garage, On Site, Parking Lot, Paved, Unassigned
Road Frontage TypeHighway