520 N Main Lindale, TX 75771
5,051 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 5,051 sqft
Price per Sqft $183
Subdivision Daystar Plaza
MLS Listing ID 21356862
Construction Status Resale
HOA Y/N No
Year Built 2013
Annual Tax Amount $15,106
Lot Size 0.758 Acres
Acres 0.758
Property Sub-Type Office
Property Description
520 N. Main Street, Lindale, Texas presents an attractive opportunity to acquire a 100% occupied, income-producing commercial property in one of East Texas' growing communities. The approximately 5,140-square-foot building built in 2013, is strategically positioned along the US Highway 69 Main Street corridor, providing excellent visibility and convenient access to Lindale's primary commercial areas, Interstate 20, Tyler and the surrounding East Texas market.
The property is 100% occupied with long-term NNN leases, providing stable income while passing the tenants' pro-rata share of property taxes, insurance and maintenance through to the tenants. Long term leases, with five years remaining and annual rental escalations.
The property benefits from its location on the heavily traveled US 69 corridor. TxDOT-sourced traffic data for US 69 North in the Lindale area reports approximately 21,349 vehicles per day, while the nearby I-20 US 69 intersection carries substantially higher traffic volumes, reinforcing the property's accessibility and exposure within this important commercial corridor.
With 100% occupancy, long-term leases, contractual rent escalations, NNN expense reimbursements and a highly visible Main Street location, 520 N. Main offers an investor the opportunity to acquire a stabilized commercial asset with predictable income and limited near-term leasing exposure.
Location
State TX
County Smith
Zoning COMMERCIAL
Direction From Tyler - take loop 323 South, go to 69 Mineola Hwy. turn left go 11 miles and 520 N. Main in on the right. Edward Jones is in the same building.
Interior
Heating Electric
Cooling Electric
Flooring Laminate, Tile
Inclusions Building Only
Fireplace No
Exterior
Parking Features On Site
Utilities Available Sewer Available, Water Available
Water Access Desc Public
Roof Type Composition
Private Pool No
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Construction Status Resale
Others
Tax ID 120360000000003000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21356862