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23260112
23259743

7924 S Broadway Ave, Tyler, TX 75703

SG
TX TX 688920
Scarborough Commercial
Scarborough Commercial Real Estate
Listed by Scarborough Commercial, Scarborough Commercial Real Estate
$3,990,000
394 days on market
Updated 28 days ago

The Shops @ Cumberland Retail Center

Details
APN 1-50000-1150-00-003060
Property Type Retail, Mixed Use
Sub Type Retail
Square Footage 17,035
Units 9
Cap Rate 6.12%
NOI $244,157
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.12%
Pro-Forma NOI $244,152
Price per SqFt $234
Buildings 1
Stories 1
Acreage 2.010
Zoning PMXD-1

7924 S Broadway Ave., Tyler, TX 75703

Marketing description

Presenting 7924 S Broadway Ave, a fully-leased, high-visibility retail center with location, exposure, and 100% occupancy – the ultimate investment opportunity. Positioned in the heart of Tyler’s most desirable commercial corridor and strategically located just north of The Village at Cumberland Park, this property benefits from unmatched exposure on South Broadway Avenue, one of the city’s most heavily trafficked thoroughfares. Located between Loop 323 and Loop 49, the site is adjacent to the Wayfare Cumberland luxury residential community and a new city park, positioning the asset for long-term tenant demand and appreciation. This is a rare opportunity to acquire a stabilized, income producing retail asset with high visibility, strong tenants, and future upside in East Texas’ hottest commercial zone.

Investment highlights

  • 100% Occupied – Turnkey investment with stable cash flow from a diversified tenant mix

  • Bonus Passive Income – Additional $1,200/month from parking lease to TechServ

  • Future Opportunities – Additional Class-A developments planned in the Cumberland corridor, which is quickly becoming Tyler’s most dynamic live-work-play district

Listing Contacts

SG
TX TX 688920
Scarborough Commercial
Scarborough Commercial Real Estate
Listed by Scarborough Commercial, Scarborough Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$244,157.00
$20,346.42/mo

Valuation Metrics

0
DSCR
6.12%
Cap Rate
6.12%
ROI

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Additional Information

Name
Stewart Garrett
License
TX 688920
Brokerage
Scarborough Commercial Real Estate LLC
Title
Real Estate Associate
Brokerage Address
410 West Erwin Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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