720 Fleishel AveTyler, TX 75701

Property Details for 720 Fleishel Ave

Year built

1976

Lot size

0.52 AC

Property size (Sq ft)

2,310 SF

Property type

Retail space

APN

1-50000-0677-01-001000

APU

150000067701001000

Description

This exceptional 0.517-acre commercial property, located at the hard corner of South Fleishel Avenue and East Dawson Street in Tyler, Texas, presents a compelling investment opportunity. The 2,310-square-foot building, formerly a Valero gas station with six pumps, sits vacant and offers significant redevelopment potential. The property boasts a prime location directly across from Christus Trinity Mother Frances Louis & Peaches Owen Heart Hospital, and near UT Health Hospital and a new medical school under construction, ensuring high visibility and traffic. The C-1 zoning allows for a variety of uses, including medical offices, retail spaces, or restaurants. The existing building includes a walk-in cooler and shelving. This property is ideally suited for investors seeking a value-add, owner-user, or redevelopment project in a rapidly growing medical and educational corridor. Built in 1976, the single-story building offers a solid foundation for future development. The asking price is $850,000. This is a rare chance to acquire a strategically located property in a thriving Texas market.

• CAP approach

  CAP return

  Valuation

  6%

  $747,823

  6.5%

  $690,298

  7%

  $640,992

• Comparable approach

  Method

  Valuation

  Relative Method

  $851,418

  Geo Method

  $1,742,809

• Alternative Use

  Use

  Valuation

  Residential

  $582,293

  Hospitality

  $533,377

  Educational

  $443,763

  Medical

  $459,025

  Retail

  $690,298

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.3413

Longitude

-95.2885

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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