2416 SE Loop 323Tyler, TX 75701
Smith County
Description
Fully occupied 3-tenant retail investment opportunity located along E Southeast Loop 323 in Tyler, Texas. The property consists of approximately 2,800 SF and offers investors in-place income with long-term tenancy, visibility, and future upside through under-market rents. The building is currently 100% occupied by three tenants, each of whom has operated at the property for 12+ years, providing a strong history of tenant stability and location commitment. Current NOI is $36,992, providing an 8.22% cap rate at the $450,000 asking price. Positioned along one of Tyler’s major commercial corridors, the property benefits from excellent visibility on Loop 323 with traffic counts of approximately 41,000 vehicles per day nearby. The location sits just east of Troup Highway and between Troup Highway and University Blvd. With established tenants, term remaining, below-market rents, and strong Loop 323 exposure, this is a rare small-format retail investment opportunity with both immediate cash flow and long-term rental upside.
Property Information
- Property type
- Commercial Sale
- Structure type
- Retail
- Year built
- 1978
- Living area
- 2,800 Sq Ft
- Lot size
- 0.19 acres
- Lot dimensions
- 0.19
- Days on market
- 71
- MLS® Listing#
- 26010421
Property Features
- Lot features
- City Lot
- Construction
- Brick
- Sewer
- Public Sewer
Financial Details
- Annual taxes
- $1,372Tax year 2026
Directions
From Loop 323 and Troup Hwy, Head east .3 miles and property is on left.
Presented by: Cole Ihrig
