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    16393 Highway 31 Tyler, TX 75709

    For Sale
    $1,444,014

    13 Acres, High Traffic, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 13-acre commercial land parcel presents a unique investment opportunity in Tyler, Texas. Strategically located on Highway 31 and FM 2661, this property boasts over 1,550 feet of highway frontage and an additional 483 feet on FM 2661, ensuring high visibility and accessibility. Over 20,000 vehicles pass this intersection daily, providing significant exposure for any commercial venture. The elevated position offers impressive visibility, while its proximity to major transportation arteries enhances its appeal. Just one mile from Toll Road 49 and six miles from Tyler, this location provides easy access to I-20 and other key routes. The property is conveniently situated one mile from Chandler, offering a balance of rural tranquility and urban proximity. Currently zoned for Commercial Retail, Multi-Family Dwelling, this land is divided into five smaller parcels, allowing for flexible purchase options. Approximately 75% of the land has been recently mulched and cleared. Potential access to city sewer services through Tyler's ETJ (Extraterritorial Jurisdiction) or Chandler's sewer system adds further value. A waste station is located approximately one mile west on Highway 31, facilitating streamlined utility access. The asking price is $1,444,014. This property is ideal for developers and entrepreneurs seeking a high-traffic location with significant development potential.

    Property Features for 16393 Highway 31

    General Information

    Property type
    Land
    Lot Size
    566,280 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

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    FAQs

    What type of property is this?
    Land - 13 Acres, High Traffic, Prime Location
    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 $1,444,014.
    (903) 343-6629
    Request Owner's contact information
    16393 Highway 31 Tyler, TX 75709
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    Tyler, TX 75709
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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
    16393 Highway 31 Tyler, TX 75709
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