Location: Commercial property located at the corner of Hwy 132 and Somerset Street in downtown Lytle.
Description: Location!! Location!! Location!! This property consists of a whole city block with frontage on both Hwy 132 and Oak Street along the long sides and Somerset and S. Benton on the ends. This is located on a hard corner that contains the busiest intersection in Lytle. There are over 10,000 cars a day that that pass through this intersection compared with the 3,200 cars a day that pass in front of the HEB Plus. The unique layout of the City of Lytle requires everyone that lives to the north of town from the Atascosa area to La Coste and over toward Natalia to come through this intersection to get to IH 35 or HEB. Everyone who is located on the East side of IH 35 has to go through this intersection to get to any of the school campuses as well. This income property is currently producing approximately $2,400 per month in rent with 4 tenants and is well below market value. The building is approximately 7,200 square feet of retail space that is air-conditioned and approximately 3,000 square feet of shop and storage. This is a prime location in the downtown area of a growing community. The population of the City of Lytle is just north of 3,000 in the City Limits of Lytle proper but there are over 50,000 that live within 10 miles and approximately 105,000 within 15 miles, which explains the high traffic count at this intersection. This number will only increase as the community and the area grows. This type of unique location and opportunity do not come along often.
Comments: This is a great location for an end user or an investor looking to create income-producing property. Commercial rental spaces are at a premium and very limited in Lytle and this property would be perfect for a strip center.
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