200 Amherst DrTyler, TX 75701

Property Details for 200 Amherst Dr

Year built

1974

Lot size

0.41 AC

Property size (Sq ft)

5,220 SF

Property type

Office buildings

APN

1-50000-1010-00-002100

APU

150000101000002100

Description

This exceptional commercial property, located at 200 E Amherst in Tyler, Texas, presents a fantastic opportunity for businesses seeking a well-established office space. The building boasts a substantial 5,220 square feet of usable area, thoughtfully designed to accommodate a variety of needs. The layout includes a welcoming reception area, twelve individual offices providing ample privacy for employees, a convenient breakroom for staff relaxation, a dedicated file room for efficient document management, and a professional conference room ideal for meetings and presentations. The property sits on a sizable 0.41-acre lot, offering approximately 21 parking spaces for employees and clients, ensuring convenient access and ample parking. Its strategic location just off the corner of Amherst and Broadway in Tyler provides excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving commercial area. The asking price of $750,000 reflects the property's significant size, desirable features, and prime location. This is an exceptional opportunity to acquire a well-maintained and versatile office building in a highly sought-after area of Tyler. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,149,583

  6.5%

  $1,061,153

  7%

  $985,357

• Comparable approach

  Method

  Valuation

  Relative Method

  $763,485

  Geo Method

  $1,562,816

• Alternative Use

  Use

  Valuation

  Residential

  $1,315,830

  Hospitality

  $1,205,293

  Educational

  $1,002,790

  Medical

  $1,037,277

  Retail

  $1,559,895

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.3121

Longitude

-95.2994

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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