69 Lindale Tx Lindale, TX 75771
This exceptional 2.28-acre commercial land parcel presents a unique investment opportunity in Lindale, Texas. Boasting approximately 135 feet of frontage along Interstate 20 and US Highway 69, this property enjoys unparalleled visibility and accessibility. Situated near two existing hotels and one under construction, the site benefits from a thriving commercial environment. The property comprises two parcels; the rear parcel is accessible from County Road 472 and includes a residential building with potential for commercial conversion. Both parcels are zoned C-2 Community and Regional Commercial District, allowing for a wide range of development possibilities. Significant future development is anticipated in this area, as evidenced by the Texas Department of Transportation's (TxDOT) completed surveying and appraisal of right-of-way needs for a planned two-way frontage road along I-20 between Tollway 49 and State Highway 14 in Lindale/Tyler (as of April 17, 2024). This strategic location, coupled with the existing infrastructure and planned improvements, makes this property an ideal site for a variety of commercial ventures. The asking price for this high-potential investment is $975,000. The property's address is Interstate 20 & US Hwy 69, Lindale, TX 75771, within Smith County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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