5290 Tyler Park Dr Tyler, TX 75703
- Land
- 15.00 lot acres
Current Use by Public Records
- Land
Property Details for 5290 Tyler Park Dr
- Lot size
- 15.00 lot acres
- Property type
- Land
Description
This exceptional 15-acre land parcel presents a remarkable opportunity for multi-family development in Tyler, Texas. Located at 5290 Tyler Park Dr, in Smith County, zip code 75703, this property boasts approximately 8.79 acres of usable land, zoned for multi-family use. The asking price is $1,244,400, translating to $3.25 per square foot. Its strategic location offers unparalleled convenience, situated near a Walmart Market, various medical facilities, restaurants, retail establishments, and other professional businesses. The property benefits from its proximity to the Old Jacksonville Hwy corridor, a high-traffic area with significant development potential. With a maximum density of 24 dwelling units per acre, this site allows for substantial development. The area already demonstrates strong demand for multi-family housing, with five existing apartment complexes totaling approximately 1,025 units located within a quarter-mile radius, including The Madison, Dove Tree, Autumn Glen, Palomar, and Grande Hill Estates. This prime location and high density potential make this a truly exceptional investment opportunity. The property's central location and proximity to key amenities ensure strong rental demand and potential for significant return on investment. This is a rare chance to acquire a large, well-situated parcel ideal for a substantial multi-family development project.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.3237
- Latitude
- 32.289
