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Industrial Value-Add Opportunity

$2,200,000

2340 & 2400 E. Erwin St., Tyler, TX 75702

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Last Updated: 11/03/2022

37,500 sqft

Building Size

16.502 acres

Lot Area

Details:
Building Size:    37,500 sqft
Lot Area:    16.502 acres
Highlights:
  • Value-add investment opportunity.
  • Income producing opportunity for owner occupant.
  • Existing large buildings with excess acreage.
  • Truck accessible with easy access to Tyler's main corridors.
  • Building 1: Front Office - Two story approx. 2,400sf metal office building on concrete slab foundation. Consists of reception, 5 offices, conference, file/storage, two restrooms.
  • Building 2: Shop - Approx. 15,000sf metal shop building including 3,800sf of heated and cooled shop area.
  • Building 3 - Tenant Occupied - 20,000sf metal building. Includes approx 1,000sf of heated and cooled office space. Multiple covered areas that could be enclosed for additional lease square footage.
  • Bonus Structure: Includes a 3,000sf metal covered area used as a material shelter that is not included in total square footage.
Description:

Property consists of 16.502 acres with approximately 37,500 square feet between three buildings and an additional 3,000 square feet metal covered area. Opportunity includes existing tenant on NNN lease in 20,000 square feet, potential lease for seller's operation in 17,500 square feet, and approx. 8-10 acres of excess land for additional improvements. CALL Agent for additional information regarding tenancy.

Located on the north side of E. Erwin St. a quarter mile west of the Loop 323 and Erwin St. intersection.

Map:
Documents:
Title
Sale - Industrial Template
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