Current Use by Public Records
- Land
Property Details for 16393 State Highway 31
- Lot size
- 2.12 lot acres
- Property type
- Land
Description
This exceptional 2.122-acre commercial lot in Tyler, Texas, presents a remarkable investment opportunity. Located on the corner of W Hwy 31 (Old Chandler Hwy) and FM 2661, this property boasts over 398 feet of road frontage on Old Chandler Hwy and over 201 feet on FM 2661, ensuring high visibility and accessibility for any business. The lot is conveniently situated just one mile from Toll Road 49 and six miles from downtown Tyler, offering easy access to major transportation routes. Further enhancing its appeal, the property is only 11.5 miles from I-20. Approximately 75% of the land has been recently mulched and cleared, making it ready for immediate development. The property is outside Tyler city limits but within the Tyler ETJ (Extra Territorial Jurisdiction). Zoned for Commercial, Retail, and Multi-Family Dwelling uses, this versatile parcel is ideal for a wide range of commercial ventures. The asking price is $323,520. While the listed taxes reflect the entire 13-acre parcel, the taxes for this specific 2.122-acre lot will be significantly lower. This well-elevated lot offers excellent visibility and easy access, making it a prime location for a new business. Don't miss this chance to secure a highly desirable commercial property in a rapidly growing area.
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
- -95.4425
- Latitude
- 32.3195
