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The Tyler Oil Palace is for sale for $6.9 million after being seized due to unpaid debts.
The Tyler Oil Palace, a 60,000-square-foot event venue, is listed for sale at $6.9 million after being acquired by Newtek Small Business Finance at a trustee auction in October.
The lender initiated the sale in August due to the property owner’s failure to meet financial obligations.
The venue, which underwent a major renovation in 2018, features a clear-span show floor, 38-foot ceilings, and space for 7,000 to 9,000 guests.
It includes a commercial kitchen, bars, storage, parking, and event equipment.
The listing emphasizes its highway visibility and prime location.
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El Tyler Oil Palace está a la venta por $6.9 millones después de ser incautado debido a deudas impagadas.