1424 Front StTyler, TX 75702

Property Details for 1424 Front St

Year built

1983

Lot size

3.74 AC

Property size (Sq ft)

16,542 SF

Property type

Office properties

Property subtype

Medical offices

Description

This exceptional investment opportunity presents a 16,542-square-foot medical office building situated on a 3.74-acre lot in Tyler, Texas. The property, built in 1983, boasts a strong 8.5% capitalization rate and a Net Operating Income (NOI) of $297,500. Currently 100% leased to a well-established corporate tenant in the medical field, providing a stable income stream secured by a corporate guarantee. The building features four single-story structures and offers significant frontage and access along three sides, including approximately 520 feet along East Front Street, a high-traffic area with approximately 117,000 vehicles per day (VPD, 2018 data). Additional on-site storage is available. Its convenient location is less than half a mile from the medical district and Tyler Junior College. The property is zoned C-1, RPO, and R-MF, offering flexibility for future development. The asking price is $3,500,000, translating to $212 per square foot. This is a Triple Net (NNN) lease. The property's address is 1424 E Front St, Tyler, TX 75702, and its APN is 15000-0023-80-0027000.

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.3469

Longitude

-95.2831

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