111 W 5th St

15,080 SF Vacant Office Building Tyler, TX 75701 $1,625,000 ($108/SF)

Investment Highlights

  • 15,080 SF
  • Many Reception Areas
  • Interior and Exterior Staircases

Executive Summary

This property has a prime location at the intersection of 5th Street & Broadway Ave in the heart of Tyler. This building offers unparalleled proximity to East Texas’ burgeoning retail corridor, downtown central business district, multiple courthouses, three colleges, and three major hospitals. The two-story brick building encompasses nearly 19,200 square feet, featuring a durable metal roof. The ground floor provides approximately 10,000 square feet of finished space, while the upper floor includes 5,000 square feet of completed space and an additional 5,000 square feet of unfinished area. Ample parking is available. Notably, there is a filled-in pool beneath the playground that can be restored, adding further value to this versatile commercial property.

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Property Facts

Sale Type
Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
15,080 SF
Building Class
C
Year Built
1983
Price
$1,625,000
Price Per SF
$108
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,540 SF
Building FAR
0.39
Lot Size
0.88 AC
Zoning
F1 - Commercially zoned
Parking
47 Spaces (3.12 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 7,540 SF
  • Office
  • Full Build-Out
  • Now

First and Second Floor For Lease

  • 2nd Floor
  • 7,540 SF
  • Office
  • -
  • Now

First and Second Floor For Lease

Space Size Space Use Condition Available
1st Floor 7,540 SF Office Full Build-Out Now
2nd Floor 7,540 SF Office - Now

1st Floor

Size
7,540 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
7,540 SF
Space Use
Office
Condition
-
Available
Now

PROPERTY TAXES

  • Listing ID: 32707704

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: 111 W 5th St, Tyler, TX 75701