15844 Hwy 31 Tyler, TX 75709

Property Details for 15844 Hwy 31

Lot size

7.34 lot acres

Property size

13,373 SF

Property type

Industrial properties

Property subtype

Flex space

Description

This exceptional 7.34-acre property in Tyler, Texas, presents a unique investment opportunity. The property boasts a thriving 8,250-square-foot auto shop, currently leased until January 1, 2027, generating $3,000 in monthly rent. In addition to the shop, 33 truck parking spaces on 3 acres provide an extra $10,000 in monthly income. The durable crushed concrete parking lot was constructed in 2013. A separate 2-acre parcel with its own highway access offers significant development potential. The property also includes two residences: a renovated 2,945-square-foot brick house (3 bedrooms, 3.5 baths, bonus room, saltwater pool, Cat 6 cabling, fiber optic internet) and a 2,078-square-foot energy-efficient doublewide home (3 bedrooms, 2 baths, hot tub, Generac 22-watt generator). Other features include a newly finished greenhouse, various fruit trees, an old garage used for storage, a converted semi-trailer, a two-car carport, and a fenced 2-acre shared backyard. The entire property is zoned for commercial and residential use, offering multiple revenue streams and a comfortable living environment. The main building was constructed in 1964, with additional structures built in 2013 and 2019. The property is conveniently located less than a mile west of Loop 49, providing easy access to major transportation routes. This versatile property offers a blend of commercial, residential, and agricultural features, making it an ideal investment for a variety of uses. The total square footage is 13,373.

Location Insight

City

Tyler

County

Smith

State

Texas

Longitude

-95.4324

Latitude

32.3243