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    2604 Garden Valley Rd Tyler, TX 75702

    For Sale
    $1,400,000

    120-Unit Duplex Site, Seller Financing Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 32.4-acre site in Tyler, Texas, presents a prime development opportunity. Strategically located adjacent to the prestigious Willow Brook Country Club and with frontage on Garden Valley Road, it enjoys high visibility and easy access. Less than a mile east of Loop 323 and under two miles from the intersection of Loop 323 and Highway 64, the property benefits from proximity to major national retailers and significant traffic flow. The site's location within the Tyler ISD is another key advantage, being near Ramey Elementary, Boulter Middle, and Tyler High Schools. Zoned PUD and R-1D, the land is platted for 120 duplex units, with the potential for single-family homes or manufactured housing on the 9.34-acre R-1D portion. Existing third-party reports and construction plans will be conveyed at closing. The property's designation as an Opportunity Zone adds further investment appeal. The asking price is $1,400,000, and seller financing with a 50% down payment may be considered for qualified buyers. Purchasers are responsible for verifying zoning, capacity, and permitted uses. Tyler's robust growth, with a 2022 population of approximately 109,286 and a July 2024 median home price of $340,000, makes this a compelling investment in a thriving East Texas market. The median price per square foot for single-family homes in July 2024 was $176.35, according to Texas Realtors.

    Property Features for 2604 Garden Valley Rd

    General Information

    Property type
    Land
    Lot Size
    1,411,344 SF

    HighLights

    • $1,400,000 asking price for 32.4 acres of land zoned for residential development.
    • Prime Tyler, TX location adjacent to Willow Brook Country Club, with Garden Valley Road frontage, less than one mile east of Loop 323.
    • Less than two miles from the intersection of Loop 323 and Highway 64, near major national retailers.
    • Excellent Tyler ISD location near Ramey Elementary, Boulter Middle, and Tyler High Schools.
    • Zoned PUR and R‑1D, allowing for up to 120 duplex units, with the R‑1D portion also suitable for single‑family homes or manufactured housing.
    • Located in an Opportunity Zone; seller financing considered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.331991
    Latitude
    32.362815

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    FAQs

    What type of property is this?
    Land - 120-Unit Duplex Site, Seller Financing Available
    Where is this land located?
    The property is located at 2604 Garden Valley Rd Tyler, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: $1,400,000 asking price for 32.4 acres of land zoned for residential development.; Prime Tyler, TX location adjacent to Willow Brook Country Club, with Garden Valley Road frontage, less than one mile east of Loop 323.; Less than two miles from the intersection of Loop 323 and Highway 64, near major national retailers.
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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
    2604 Garden Valley Rd Tyler, TX 75702
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