Property profile

11985 State Highway 64 E Tyler, TX 75707

FOR SALE
Land
Property ID
US82-2912844
4.7 ac lot
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Property summary

AI-generated overview

This exceptional 4.696-acre commercial land parcel presents a unique investment opportunity in Tyler, Texas. Strategically located on Highway 64 East, approximately 3.5 miles east of Loop 323, this property boasts approximately 175 feet of highway frontage, ensuring high visibility and accessibility. The land is situated outside city limits, offering potential flexibility in development and usage. The property's zoning is unrestricted ("No Zoning"), opening doors to a wide range of commercial ventures. Envisioned uses could include an RV park, self-storage facility, or light industrial development, all capitalizing on the property's prime location and ample space. An attractive feature is the availability of an assumable loan, significantly reducing the initial financial burden. Furthermore, the seller is offering a buyer-friendly closing process with no closing costs. A down payment of $19,000 is required. This is a rare chance to acquire a substantial commercial land holding with significant development potential at an exceptionally competitive price of $299,000. The APN is R020806. This property is located at 11985 State Hwy 64, Tyler, TX 75707.

Property profile

Verified
Property type Land
Lot 4.7 ac (204,558 SF)
UPID US82-2912844

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Clothing & Fashion Store

Location

11985 State Highway 64 E Tyler, TX 75707
Tyler metro
Google Maps

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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