Property profile

11241 Tx-248 Spur Tyler, TX 75707

OFF-MARKET
Land
3 ac lot
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Property summary

AI-generated overview

This exceptional 3-acre commercial land parcel presents a compelling investment opportunity in Tyler, Texas. Situated just outside city limits, this raw land boasts 350 feet of highway frontage along TX-248 Spur, providing unparalleled visibility and accessibility. Its strategic location offers easy access to major thoroughfares including Highway 64 and Loop 323, placing it within a short 1.5-mile radius of the University of Texas at Tyler. The property benefits from a high daily traffic count of approximately 10,000 vehicles, underscoring its significant development potential. Zoning information is not currently available. This prime location, coupled with its substantial size and convenient access to key transportation routes, makes this property ideal for a wide range of commercial ventures. The asking price for this exceptional opportunity is $395,000. The property's address is 11241 TX-248 Spur, Tyler, Smith County, Texas, 75707.

Property profile

Verified
Property type Land
Lot 3 ac (130,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11241 Tx-248 Spur Tyler, TX 75707
Tyler metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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