100 Ferguson StTyler, TX 75702

Property Details for 100 Ferguson St

Year built

1980

Lot size

2.06 AC

Property size (Sq ft)

181,260 SF

Property type

Office buildings

APN

1-50000-0001-00-001010

APU

150000000100001010

Description

First Place, located at 100 E Ferguson St, Tyler, TX 75702, offers 188,000 square feet of prime Class A office space in a single, twelve-story building. This iconic structure, built in 1979 and extensively renovated in 2018, boasts a prestigious downtown location, situated conveniently near Broadway & Ferguson. The property is easily accessible and offers multiple tenancy options, with spaces ranging from a minimum of 140 square feet to a maximum contiguous space of 6,452 square feet. Currently, 18,479 square feet of space is available. The building features four elevators for efficient access to all floors. Its central location places it just north of the Smith County Courthouse, east of the Federal Courthouse, and within minutes of Tyler's medical district, making it an ideal location for professionals in various fields. This attractive and timeless building provides a sophisticated and functional workspace in the heart of Tyler's thriving downtown area. The property is located in Smith County and offers a variety of office suite sizes to accommodate diverse business needs. This is a rare opportunity to secure high-quality office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $39,918,268

  6.5%

  $36,847,632

  7%

  $34,215,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,511,368

  Geo Method

  $54,267,432

• Alternative Use

  Use

  Valuation

  Residential

  $45,691,064

  Hospitality

  $41,852,772

  Educational

  $34,821,012

  Medical

  $36,018,560

  Retail

  $54,166,020

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.3523

Longitude

-95.3001

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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