15933 Frankston Hwy Tyler, TX 75703
- Land
- 3.50 lot acres
Current Use by Public Records
- Land
Property Details for 15933 Frankston Hwy
- Lot size
- 3.50 lot acres
- Property type
- Land
Description
This exceptional 3.5-acre commercial land parcel is situated at the hard corner of TX-155 and Toll 49 in Tyler, Smith County, Texas, at 15933 Frankston Hwy, zip code 75703. The property (APN R039721) is owned by a partnership and offers significant development potential. Located on the "going-to-work" side of the road, it benefits from exceptionally high traffic counts, consistently increasing year over year. Data from TxDOT shows a steady upward trend, with 20,489 vehicles in 2023, compared to 17,879 in 2022 and 18,135 in 2021. This prime location is ideal for commercial development, particularly given the underserved area for gas stations and retail establishments. The property's strategic position at a major arterial intersection within a rapidly growing area of Tyler, TX, makes it a compelling investment opportunity. The area's growth is further constrained by Lake Palestine, leading to increased housing starts and commercial development. The asking price is $762,300, with a land value of $4.93 per square foot. This high-growth area presents a rare chance to capitalize on a hard corner location with exceptional visibility and access.
Value Estimations
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AI approach
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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
- -95.3922
- Latitude
- 32.2493
