7428 Old Jacksonville HwyTyler, TX 75703

Property Details for 7428 Old Jacksonville Hwy

Year built

2016

Lot size

1.00 AC

Property size (Sq ft)

12,602 SF

Property type

Turn key restaurants

APN

1-50000-1570-07-011020

APU

150000157007011020

Description

This exceptional Class A mixed-use property, located at 7428 Old Jacksonville Hwy in Tyler, Texas, presents a compelling value-add investment opportunity. The 7,100 square foot restaurant space, currently operating as Cantina Laredo, is situated on a one-acre lot within the Swann Plaza retail center. Built in 2016, the building boasts impressive features including two 20-foot captive air vent hood systems, 60 tons of air conditioning, a walk-in cooler/freezer, a fully equipped bar, a complete kitchen, and two conference rooms. The space is adaptable, with the potential to be downsized to 4,000 or 5,000 square feet, offering flexibility for future tenants. This prime location benefits from exceptional visibility and accessibility, with a daily traffic count of 35,000 vehicles on Old Jacksonville Hwy, and proximity to major thoroughfares like Highway 69 (45,000 ADT) and Highway 323 (48,600 ADT). The surrounding area is affluent, with a population of 67,000 within a 5-mile radius and an average household income exceeding $112,000 within a 1-mile radius. The property is zoned for commercial use and offers a net lease investment opportunity. This is a rare chance to acquire a well-equipped, high-traffic restaurant space in a thriving Texas market. The property is offered as a value-add investment, presenting significant potential for increased returns. The building is permitted for commercial use and sits on a one-acre lot in Smith County, Texas, zip code 75703.

• CAP approach

  CAP return

  Valuation

  6%

  $4,079,684

  6.5%

  $3,765,862

  7%

  $3,496,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,644,834

  Geo Method

  $9,507,740

• Alternative Use

  Use

  Valuation

  Residential

  $3,176,646

  Hospitality

  $2,909,790

  Educational

  $2,420,912

  Medical

  $2,504,170

  Retail

  $3,765,862

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.2653

Longitude

-95.3418

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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