15844 Hwy 31, Tyler, TX 75709

Property Details for 15844 Hwy 31

Lot size

7.34 lot acres

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