1500 W Southwest Loop 323 | Tyler, TX 75701
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1500 W Southwest Loop 323
Tyler, TX 75701
Red Lobster · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Traffic Count: 35,404 (2023)
- Versatility: Suitable for restaurant, retail, or office use
- History: Former Red Lobster restaurant
- Proximity: Surrounded by thriving businesses in a bustling commercial hub
EXECUTIVE SUMMARY
Located at 1500 W SW Loop 323, this 5,964 SF building, formerly home to Red Lobster, sits on 1.737 acres in one of the city’s busiest commercial corridors with over 35,000 vehicles per day on Loop 323. Its prime location offers outstanding visibility and high daily traffic, making it ideal for a wide range of business ventures. All FF&E included in the sale of the property, making it a turn key restaurant location for any operator.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,964 SF
Building Class
B
Year Built
1980
Price
$3,977,875 CAD
Price Per SF
$667 CAD
Percent Leased
20%
Building Height
1 Story
Building FAR
0.08
Lot Size
1.74 AC
Zoning
C-2
Parking
120 Spaces (20.12 Spaces per 1,000 SF Leased)
Frontage
210 ft on S Southwest Loop 323
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 1-50000-1290-00-002000 | Improvements Assessment | $673,149 CAD |
| Land Assessment | $1,106,172 CAD | Total Assessment | $1,549,500 CAD |
PROPERTY TAXES
Parcel Number
1-50000-1290-00-002000
Land Assessment
$1,106,172 CAD
Improvements Assessment
$673,149 CAD
Total Assessment
$1,549,500 CAD
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