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    Paluxy Dr Tyler, TX 75703

    Sponsored
    For Sale
    $783,000

    8 Acres, High-Traffic Location, $783,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 8-acre commercial land parcel presents a prime opportunity for multifamily development in the thriving South Tyler area. Located on Paluxy Drive in Smith County, Texas, this property boasts approximately 350 feet of high-traffic road frontage, ensuring excellent visibility and accessibility for future residents. The asking price is $783,000. The site's prime location within Tyler, TX, zip code 75703, offers convenient access to local amenities, businesses, and transportation routes. This substantial land area provides ample space for a significant multifamily project, catering to the growing demand for housing in this desirable Texas city. The property's commercial zoning and strategic positioning make it an ideal investment for developers seeking a high-return opportunity in a robust market. Detailed site plans and surveys are available upon request. This is a rare chance to acquire a large, well-situated tract of land perfect for a lucrative multifamily development venture in a rapidly expanding area. Don't miss this chance to secure a prime piece of Tyler commercial real estate. The coordinates are 32.29942528 latitude and -95.27783289 longitude.

    Property Features for 0 Paluxy Dr

    General Information

    Property type
    Land
    Lot Size
    348,480 SF

    HighLights

    • Tyler Commercial Real Estate brokerage services.
    • High‑traffic road frontage.
    • 7.99 acres of commercial land.
    • Multi‑family development potential.
    • Prime South Tyler location on Paluxy Drive.
    • High‑traffic commercial land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.27783289
    Latitude
    32.29942528

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    FAQs

    What type of property is this?
    Land - 8 Acres, High-Traffic Location, $783,000
    Where is this land located?
    The property is located at Paluxy Dr Tyler, TX.
    What is the asking price?
    The asking price for this property is $783,000.
    What are key features of this property?
    This property features: Tyler Commercial Real Estate brokerage services.; High-traffic road frontage.; 7.99 acres of commercial land.
    Request Owner's contact information
    Paluxy Dr 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
    Paluxy Dr Tyler, TX 75703
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