16275 State Highway 64Tyler, TX 75704

Property Details for 16275 State Highway 64

Lot size

9.00 AC

Property size (Sq ft)

13,350 SF

Property type

Land

Property subtype

Self storage facilities

Description

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.

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.3672

Longitude

-95.4402

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