1032 Idel St Tyler, TX 75701
This exceptional 0.3-acre commercial land parcel presents a prime development opportunity in Tyler, Texas's thriving Medical District. Strategically located at 1032 E Idel St, 75701, this property boasts Institutional (INT) zoning, eliminating the need for lengthy and costly rezoning processes. Its enviable position places it directly between UT Health Tyler Hospital, UT Tyler School of Medicine, and CHRISTUS Trinity Mother Frances Hospital, ensuring high visibility and accessibility to a substantial patient and staff population. The existing zoning allows for a wide range of complementary medical-related developments, including, but not limited to, dental offices, pharmacies, physician's offices, medical laboratories and research facilities, daycare centers, bookstores, and religious assembly spaces. This presents a unique chance to capitalize on the area's robust growth and high demand for medical support services. The asking price for this exceptional investment opportunity is $200,000. This property is situated in Smith County, Texas, and offers significant potential for developers seeking to establish a presence within a well-established and rapidly expanding medical hub. The location's coordinates are 32.3404143 latitude and -95.2890438 longitude. Don't miss this chance to acquire a highly desirable development site in a prime medical district location.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.