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Property profile & analytics
OFF-MARKET
Land

16393 Hwy Tyler, TX 75709

1.22 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.224-acre commercial lot, situated at 16393 W Hwy 31 in Tyler, Smith County, Texas (zip code 75709), presents a remarkable investment opportunity. Boasting over 246 feet of road frontage on Highway 31 and over 267 feet on Old Chandler Highway, this property enjoys exceptional visibility and accessibility, with over 20,000 vehicles passing the intersection daily. The lot is conveniently located just one mile from Toll Road 49 and 6 miles from downtown Tyler, offering easy access to major transportation arteries, including Interstate 20, which is 11.5 miles away. Approximately 75% of the land has been recently mulched and cleared, simplifying development. The property is outside Tyler city limits but within the Tyler ETJ (Extra Territorial Jurisdiction). Zoned for Commercial Retail and Multi-Family Dwelling, this parcel offers diverse development possibilities. The asking price is $133,293, reflecting a price per square foot of $2.50. While the listed taxes reflect the entire 13-acre parcel, this lot has been surveyed and is ready for immediate development. Its elevated position ensures excellent visibility for any future business.

Property profile
Verified
Property type Land
Lot 1.22 ac (53,317 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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