For Sale
$1,300,000

16275 State Highway 64 Tyler, TX 75704

15-unit facility, 7 acres, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a newly constructed, 15-unit self-storage facility totaling 13,350 rentable square feet, situated on a 9-acre lot in Tyler, Texas. The property boasts a prime location at the intersection of Highways 64 and 279, ensuring high visibility and accessibility to a substantial volume of daily traffic. The facility's modern design minimizes maintenance requirements and offers immediate leasing potential. Beyond the existing 13,350 square feet of rentable space, the property includes 7 acres of undeveloped land with commercial zoning, presenting significant opportunities for expansion or the development of complementary commercial ventures. This strategic location within a thriving regional hub, characterized by robust healthcare, education, and retail sectors, ensures consistent demand for storage services. The property's strong financial performance is evidenced by a current NOI of $82,300 and a 6.33% cap rate. The asking price is $1,300,000. The property is classified as Class B and features three buildings. The property's APN is 1-00000-0647-00-004010. This is a stabilized investment offering immediate income and substantial long-term growth potential. The address is 16275 State Hwy 64, Tyler, TX 75704.

Highlights

  • Newly constructed, 15-unit, 13,350 SF self-storage facility on a 9-acre lot.
  • Prime location at the intersection of Highways 64 and 279 in Tyler, TX, offering high visibility and accessibility.
  • 7 acres of undeveloped land with commercial zoning allows for expansion or additional development.
  • Strong demographics and proximity to Tyler's healthcare, education, and retail sectors ensure high demand.
  • Excellent investment opportunity with a current NOI of $82,300 and a 6.33% cap rate; asking price $1,300,000.

Property Details for 16275 State Highway 64

Property type
Land, Self storage facilities
Square Feet
13,350 SF
Class
B
Buildings
3
Lot Size (sq. ft)
392,040 SF
Units
15

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.367190136386
Longitude
-95.440205353428

FAQs

What type of property is this?
Land - 15-unit facility, 7 acres, high-traffic location.
Where is the land located?
The property is located at 16275 State Highway 64 Tyler, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Newly constructed, 15-unit, 13,350 SF self-storage facility on a 9-acre lot.; Prime location at the intersection of Highways 64 and 279 in Tyler, TX, offering high visibility and accessibility.; 7 acres of undeveloped land with commercial zoning allows for expansion or additional development.
How can I contact the broker?
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16275 State Highway 64
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