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    420 Loop Rd Tyler, TX 75702

    For Sale
    $2,425,000

    2.78 Acres, High Visibility, C-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2.783-acre commercial land parcel in Tyler, Texas, presents a remarkable investment opportunity. Located at 420-430 S Southwest Loop 323, in Smith County, zip code 75702, this property boasts a highly desirable C-2 zoning designation, opening doors to a wide range of commercial uses. Its strategic location offers unparalleled visibility and accessibility, situated on Loop 323 near one of Tyler's busiest intersections, with approximately 32,711 vehicles passing daily (Loop 323: 16,962 VPD, Hwy 31: 16,962 VPD). The property benefits from its proximity to a Walmart Supercenter, various medical facilities, retail establishments, restaurants, hotels, and other professional businesses, ensuring high traffic and customer exposure. Positioned between the Executive Inn and a retail strip including Wing Stop and Subway, this site offers immediate access to Loop 323, maximizing its commercial potential. The asking price is $2,425,000. Detailed information is available upon request.

    Property Features for 420 Loop Rd

    General Information

    Property type
    Land
    Lot Size
    121,227 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.342486609986
    Latitude
    32.347952059911

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    FAQs

    What type of property is this?
    Land - 2.78 Acres, High Visibility, C-2 Zoning
    Where is this land located?
    The property is located at 420 Loop Rd Tyler, TX.
    What is the asking price?
    The asking price for this property is $2,425,000.
    Request Owner's contact information
    420 Loop Rd Tyler, TX 75702
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    Tyler, TX 75702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 Loop Rd Tyler, TX 75702
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