South Tyler Growth Corridor

Vacant Land for Sale
Catylist Listing ID: 30466203
Property Subtypes: Industrial, Multi-Family, Office, Retail, Self Storage, Other
Gross Land Area: 1.99 Acres
Sale Price: $3.46 PSF
Total Price: $299,928
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/6/2019

Overview / Comments

> Extremely hard to find commercial development site located in the middle of the south Tyler growth corridor for less than $3.50 psf.

> Located less than a mile from The Villages at Cumberland Park, home to Gander Mountain, Studio Movie Grill, Starbucks, TJ Maxx, Ross', AT&T, World Market, Guitar Center, Menchies, Petco and Zales to name just a few of the many retailers and restaurants located in one of the largest open air shopping / entertainment venues in the state.

> The property is located on FM 2813 just west of US Hwy 69 in the middle of the Tyler growth corridor.

> South Spring Baptist Church located across the street is one of the fastest growing churches in the Tyler area and is one of the largest, if not the largest church in the State of Texas based on land mass.

> The property was annexed into the City of Tyler under an AG zoning, but can be rezoned to a commercial zoning for development purposes.

> The property is currently improved with three residential houses, two of which are occupied with a total gross income of $1,500.00 per month. The third house could be improved and rented, relocated or torn down. The existing rentals will help to offset the carrying cost until the property can be developed.

> Owner will consider dividing the property.

> Great location for storage buildings, office / warehouse, light industrial or high density residential rentals.

Attachments & Media

Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: Smith County, City of Tyler, TISD, TJC
Tax ID/APN: 100000103300023020,100000103300023010
Zoning: AG
Property Located Between: US Hwy 69 and FM 2493
Property Visibility: Excellent
Largest Nearby Street: US Hwy 69
Feet of Frontage: 239
Highway Access: > FM 2813 > US Hwy 69 > Toll 49
Airports: Tyler Pounds Field Regional Airport
Site Description: >Level > Great development site
Area Description: > Fastest growth area in Smith County > Close to retail / restaurants / medical and other essential services > Substantial amount of existing and new residential homes
Lot Frontage: 239
Lot Depth: 362
Zoning Description: AG
Topography: Level
Easements: Electric Lines, Utilities
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Other
Sewer Type: Municipal, Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 20,878 67,054
Median Age: 38.41 37.78
Households: 8,775 27,882

Contact

Photograph of Listing Agent

Gary Halbrooks

Venue Properties, Inc. GTAR Commercial Member
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