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Multi-Tenant Building with Income Potential 1816 E Southeast Loop 323 3,928 SF Retail Building Tyler, TX 75701 $1,100,000 ($280.04/SF)
INVESTMENT HIGHLIGHTS
- Traffic count: 38,739 vpd
- Development Opportunity: Suitable for a Quick Service Restaurant (QSR) or other high-demand retail/restaurant use.
- High Traffic Counts: Benefiting from strong daily vehicle counts along both Loop 323 and Paluxy, ensuring maximum exposure for tenants.
- Strong Surrounding Retail: Located near established national and regional retailers, enhancing customer draw and property value.
EXECUTIVE SUMMARY
Strategically positioned at the signalized intersection of Loop 323 and Paluxy Drive, this property delivers exceptional visibility and accessibility in one of Tyler’s most active retail corridors. The building provides immediate rental income with upside potential for redevelopment.
Currently 75% owner occupied, the remaining 25% is occupied with a gross lease in place:
10/24-9/25: $1,600/mo
10/25-9/28: $1,700/mo
The site offers consistent customer draw, plus ingress and egress points from both Loop 323 and Paluxy Drive to ensure smooth traffic flow and convenient customer access.
Nearby:
WALMART NEIGHBORHOOD MARKET: 966.8K Visits per Yr
CRUNCH FITNESS: 817.1K Visits per Yr, 7th Busiest CRUNCH in Texas, 16th Busiest CRUNCH in Nation
TEXAS ROADHOUSE: 598.2 Visits per Yr, 12th Busiest TX ROADHOUSE in Texas
Currently 75% owner occupied, the remaining 25% is occupied with a gross lease in place:
10/24-9/25: $1,600/mo
10/25-9/28: $1,700/mo
The site offers consistent customer draw, plus ingress and egress points from both Loop 323 and Paluxy Drive to ensure smooth traffic flow and convenient customer access.
Nearby:
WALMART NEIGHBORHOOD MARKET: 966.8K Visits per Yr
CRUNCH FITNESS: 817.1K Visits per Yr, 7th Busiest CRUNCH in Texas, 16th Busiest CRUNCH in Nation
TEXAS ROADHOUSE: 598.2 Visits per Yr, 12th Busiest TX ROADHOUSE in Texas
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
3,928 SF
Year Built
1978
Price
$1,100,000
Price Per SF
$280.04
Building Height
1 Story
Building FAR
0.29
Lot Size
0.31 AC
Zoning
Retail
AMENITIES
- Freeway Visibility
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-50000-1091-00-001030 | Improvements Assessment | $423,411 |
| Land Assessment | $161,782 | Total Assessment | $585,193 |
PROPERTY TAXES
Parcel Number
1-50000-1091-00-001030
Land Assessment
$161,782
Improvements Assessment
$423,411
Total Assessment
$585,193
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Multi-Tenant Building with Income Potential | 1816 E Southeast Loop 323
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