5111 Troup Hwy - Storefront FOR SALE


Tyler, TX 75707
$1,795,000 USD
682-352-3607
5111 Troup Hwy, Tyler, TX for Sale
$1,795,000 USD
Storefront - FOR SALE
1/20
null | 6% Cap Rate

5111 Troup Hwy
Tyler, TX 75707


OVERVIEW

Southpoint Plaza is a 15,073 SF retail center on 2.23 acres along Troup Highway in Tyler, Texas. The property benefits from high traffic, strong visibility, and proximity to downtown, major retail, and UT Tyler, within a dense, above-average income trade area. Currently 75% occupied with below-market rents, the property offers immediate upside through lease-up of 3,772 SF of vacancy and rent growth on renewals. Positioned in a growing regional hub, Southpoint Plaza provides stable in-place income with clear value-add potential.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southpoint Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

97,139 SF

ZONING

C-1

APN/PARCEL ID

1-50000-1555-04-001000

ASK ABOUT THIS PROPERTY

Trenton ForbesSVN | Trinity AdvisorsMore Info
682-352-3607

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Trenton ForbesSVN | Trinity AdvisorsMore Info
682-352-3607

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.