Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    16393 Highway 31 Tyler, TX 75709

    For Sale
    $400,000

    4.076 Acres, Hwy 31 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 4.076-acre commercial lot is ideally situated on Hwy 31 in Tyler, Texas, boasting over 436 feet of road frontage and over 425 feet on Old Chandler Highway. The property benefits from high visibility due to over 20,000 vehicles passing the intersection daily, making it perfect for a new business venture. Conveniently located just one mile from Toll Road 49 and six miles from downtown Tyler, with I-20 only 11.5 miles away, this well-elevated lot offers easy access and excellent visibility. Approximately 75% of the land has been recently mulched and cleared, simplifying development. The property is zoned for Commercial, Retail, and Multi-Family Dwelling uses. While outside Tyler city limits, it's within the Tyler ETJ (Extra Territorial Jurisdiction). The listed taxes reflect the entire 13-acre parcel, not just this 4.076-acre lot. This lot is priced at $400,000. The property has already been surveyed.

    Property Features for 16393 Highway 31

    General Information

    Property type
    Land
    Lot Size
    177,551 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Gym & Fitness Auto Parts Store Storage Facility Veterinary Clinic Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.4425038
    Latitude
    32.3194496

    Nearby Similar for Sale

    • $6,900,000
      71,560 SF

      Iconic Entertainment Venue on 44 Acres

      East Texas entertainment venue with arena, kitchen, and expansion potential.
      10408 Hwy E, Tyler, TX 75707
      View Details
    • $510,000
      3,850 SF

      Spacious Duplex in Tyler, TX

      3,850 sqft duplex featuring 3 beds, 2 baths, and 2-car garage.
      3712 Colony Park Dr, Tyler, TX 75701
      View Details
    • $3,250,000
      42,008 SF

      Tyler Industrial Property with Expansion Potential

      Well-equipped industrial property suitable for manufacturing or fabrication operations.
      8102 County Road 313 E, Tyler, TX 75706
      View Details
    • $6,900,000
      71,560 SF

      East Texas Entertainment Venue Opportunity

      Iconic 44-acre entertainment venue with redevelopment potential.
      10408 Hwy, Tyler, TX 75707
      View Details
    • $750,000
      5,220 SF

      Tyler Office Building For Sale

      Commercial office building with twelve offices, reception, and parking.
      200 E Amherst Dr, Tyler, TX 75701
      View Details
    • $319,900
      2,070 SF

      Duplex Near Hospitals and College

      Two homes on one property, ideal for rental income.
      515 Charnwood St, Tyler, TX 75701
      View Details

    FAQs

    What type of property is this?
    Land - 4.076 Acres, Hwy 31 Frontage
    Where is this land located?
    The property is located at 16393 Highway 31 Tyler, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    (903) 343-6629
    Request Owner's contact information
    16393 Highway 31 Tyler, TX 75709
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16393 Highway 31
    Tyler, TX 75709
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    16393 Highway 31 Tyler, TX 75709
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.