For Sale
$2,750,000

1500 Loop Tyler, TX 75701

1.7-acre restaurant, high traffic

Overview

Added:
Jan 24
Days on market:
94
This vacant 5,964 square foot restaurant building, formerly a Red Lobster, is situated on a 1.737-acre lot at 1500 W SW Loop 323 in Tyler, Texas, 75701. Boasting a prime location in a bustling commercial area, this property enjoys exceptional visibility and high traffic counts exceeding 35,404 vehicles daily (2023 data). The C-2 Commercial zoning allows for versatile use, including restaurant, retail, or office space. The single-story, 1980-built structure offers ample on-site parking, catering to the needs of any business. The building's interior layout is flexible, adapting to various operational requirements. Its strategic location within a thriving commercial hub, surrounded by established businesses, ensures significant customer exposure. All existing fixtures, furniture, and equipment (FF&E) are included in the sale price of $2,750,000, presenting a turnkey opportunity for prospective buyers. This property represents a significant investment opportunity in a dynamic and growing market.

Highlights

  • $2,750,000 asking price for a vacant 5,964 SF retail building.
  • 1.737-acre lot in Tyler, TX, zoned C-2 Commercial.
  • High traffic count of 35,404 vehicles per day (2023 data).
  • Ample on-site parking.
  • Former Red Lobster restaurant; versatile for restaurant, retail, or office use.

Property Details for 1500 Loop

Property type
Retail properties, Restaurants
Square Feet
5,964 SF
Year Built
1980
Stories
1
Lot Size (sq. ft)
75,664 SF
Units
1

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.303016
Longitude
-95.3180824

FAQs

What type of property is this?
Retail property - 1.7-acre restaurant, high traffic
Where is the retail property located?
The property is located at 1500 Loop Tyler, TX.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: $2,750,000 asking price for a vacant 5,964 SF retail building.; 1.737-acre lot in Tyler, TX, zoned C-2 Commercial.; High traffic count of 35,404 vehicles per day (2023 data).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1500 Loop
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