2119 LoopTyler, TX 75703

Property Details for 2119 Loop

Year built

2000

Lot size

0.42 AC

Property size (Sq ft)

3,055 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional 3,055-square-foot Class A medical office building presents a unique investment opportunity in Tyler, Texas. Situated at the highly visible intersection of Loop 323 and Troup Highway, this single-tenant property boasts unmatched visibility with 70,000 cars passing daily. Built in 2000 and extensively renovated in 2014, the building features a new single-membrane roof, updated HVAC, plumbing, and electrical systems. The 0.42-acre lot includes 18 parking spaces. The property's strategic location benefits from proximity to major retailers including Walmart Neighborhood Market, Hobby Lobby, At Home, McDonald's, Walgreens, Chick-fil-A, Starbucks, and the Broadway Square Mall, the only regional mall in East Texas. Furthermore, its adjacency to the University of Texas at Tyler, with its over 9,000 students and a newly announced medical program, ensures a strong and growing potential customer base. Smith County's impressive 2.22% annual population growth further underscores the long-term viability of this investment. The property is currently configured as a medical office but offers potential for conversion to fast food, given its high visibility and traffic count. Property taxes are $2.99 per square foot. The building is one story and has no elevators.

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.3104

Longitude

-95.2749

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