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    11942 Hwy 271 Tyler, TX 75708

    Sponsored
    For Sale
    $2,700,000

    Prime Tyler, TX commercial acreage. High-traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 34.23-acre commercial land parcel is strategically located on Highway 271 North in Tyler, Texas, zip code 75708, within Smith County. Offered at $2,700,000, this property presents a multitude of development opportunities due to its high visibility and convenient location. Situated directly across from UT Health Center and less than 1.5 miles from the burgeoning Interstate Commerce Park, this site benefits from significant traffic flow and proximity to established infrastructure. The potential for a red-light access point at the intersection of Highways 155 N. and 271 further enhances its commercial viability. While the property includes a metal building on 4 acres, this structure will be excluded from the sale and surveyed separately. The buyer will be responsible for verifying utility availability and connections. This expansive tract offers significant potential for various commercial ventures, and there is the possibility of acquiring additional adjacent land. Don't miss this chance to secure a prime commercial location in a rapidly growing area.

    Property Features for 11942 Hwy 271

    General Information

    Property type
    Land
    Lot Size
    1,491,059 SF

    HighLights

    • 34.23‑acre commercial land parcel in Tyler, TX (75708), Smith County.
    • Offered at $2,700,000.
    • High‑visibility location on Highway 271 North, across from UT Health Center, near I‑Commerce Park.
    • Potential for red‑light access at Highways 155 N. & 271.
    • Existing metal building (on 4 acres) excluded from sale.
    • Buyer to verify utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.205819
    Latitude
    32.423948

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    FAQs

    What type of property is this?
    Land - Prime Tyler, TX commercial acreage. High-traffic location.
    Where is this land located?
    The property is located at 11942 Hwy 271 Tyler, TX.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: 34.23-acre commercial land parcel in Tyler, TX (75708), Smith County.; Offered at $2,700,000.; High-visibility location on Highway 271 North, across from UT Health Center, near I-Commerce Park.
    (903) 730-1033
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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
    11942 Hwy 271 Tyler, TX 75708
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