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    5002 Broadway Ave Tyler, TX 75703

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    For Lease
    Contact for pricing

    1-Acre Commercial Land, High Traffic Area

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre commercial land parcel presents a remarkable investment opportunity in the heart of Tyler, Texas. Situated at the hard corner of Broadway Avenue and Shiloh Road, this single-tenant site boasts unparalleled visibility and accessibility, benefiting from over 41,000 vehicles per day on Broadway. Its central location places it within a thriving retail corridor, surrounded by a diverse range of established businesses including Hobby Lobby, JCPenney, Brookshires, Ashley Furniture, Northern Tool, Mardel, Ross, Barnes & Noble, Dick's Sporting Goods, Dillard's, CVS, Starbucks, Jersey Mike's Subs, Whataburger, Chipotle, Chick-fil-A, Einstein Bros. Bagels, Raising Cane's, and Bubba Gump Shrimp Co. This high-traffic intersection guarantees significant exposure and strong potential for any new development. The property's ideal location makes it particularly well-suited for a quick-service restaurant (QSR), but its versatility allows for a wide range of commercial uses. The address is 5002 S Broadway Ave, Tyler, TX 75703. This is a rare opportunity to acquire a prime commercial land parcel in a dynamic and rapidly growing market. The property's size and location offer significant potential for substantial returns. Don't miss this chance to secure a piece of Tyler's vibrant retail landscape.

    Property Features for 5002 Broadway Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF

    Unit(s) available at that property

    Space
    Size
    43,560 SF

    HighLights

    • 1‑acre commercial land parcel in Tyler, TX.
    • High‑visibility corner lot at Broadway Ave & Shiloh Rd, with over 41,000 vehicles daily.
    • Thriving retail location near major retailers including Hobby Lobby, JCPenney, and numerous restaurants.
    • Ideal for QSR, but versatile for various commercial uses.
    • Address: 5002 S Broadway Ave, Tyler, TX 75703.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.301585282636
    Latitude
    32.294967726703

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    FAQs

    What type of property is this?
    Land - 1-Acre Commercial Land, High Traffic Area
    Where is this land located?
    The property is located at 5002 Broadway Ave Tyler, TX.
    What are key features of this property?
    This property features: 1-acre commercial land parcel in Tyler, TX.; High-visibility corner lot at Broadway Ave & Shiloh Rd, with over 41,000 vehicles daily.; Thriving retail location near major retailers including Hobby Lobby, JCPenney, and numerous restaurants.
    Request Owner's contact information
    5002 Broadway Ave Tyler, TX 75703
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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
    5002 Broadway Ave Tyler, TX 75703
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