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16393 Highway 31 12.95 Acres of Commercial Land Offered at $1,444,014 in Tyler, TX 75709

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INVESTMENT HIGHLIGHTS

  • Over 20,000 cars pass by daily
  • Plenty of street access
  • Great Corner Location

EXECUTIVE SUMMARY

REDUCED Price, Newly Mulched, Cleared & Ready to Sell, Send me your Offers!
Nestled at the crossroads of opportunity, this exceptional property stands as a beacon of potential with its sprawling corner parcel boasting over 1,550 feet of road frontage on HWY 31 and an additional 483 feet on FM 2661. Strategically positioned, the land enjoys a constant flow of traffic, with over 20,000 cars traversing this intersection daily, making it an ideal canvas for the realization of a new business venture.
The property's allure extends beyond its extensive frontage—it is well elevated, ensuring prominence and providing an impressive vantage point. Easy access further enhances its appeal, making it a convenient destination for both locals and commuters alike. Its great visibility only adds to the allure, drawing attention to the myriad possibilities that await on this prime piece of real estate.
Location plays a pivotal role in this property's allure, being a mere 1 mile from Toll Road 49, offering swift connectivity to major routes including I-20, and strategically positioned only 6 miles from Tyler and 1 mile from Chandler. This proximity to key transportation hubs positions the property as a hub of convenience and accessibility.
Situated just beyond Tyler City Limits but within the jurisdiction of Tyler ETJ (Extraterritorial Jurisdiction), the property strikes a harmonious balance between rural tranquility and urban proximity. This distinction opens up possibilities for various land uses and developments, allowing for a dynamic range of projects that align with both residential and commercial interests.
A notable advantage for prospective buyers lies in the potential access to city sewer services. The option to connect to the City of Chandler's sewer system adds a layer of convenience and modern infrastructure to the property. The proximity of the waste station, located approximately 1 mile West on HWY 31 towards Chandler, TX, positions this parcel as a prime candidate for streamlined utility access.
In summary, this property is more than just a corner of land; it is a canvas for opportunity and growth. With its strategic location, extensive frontage, elevation, and accessibility, it presents a rare chance to shape a venture that thrives on visibility and convenience. Whether you envision a Fast Food enterprise, a Retail development, or a combination of both, this property offers the space, potential, and flexibility to turn dreams into reality. It stands as a testament to the adage that in real estate, location is key, and this parcel's location speaks volumes about the boundless possibilities it holds for the discerning buyer.

PROPERTY FACTS

Price $1,444,014
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Auto Repair
  • Bank
  • Carwash
  • Convenience Store
  • Drugstore
  • Fast Food
  • General Freestanding
  • Healthcare
  • Hold For Development
  • Hold For Investment
  • Hotel
  • Medical
  • Motel
  • Neighborhood Center
  • Religious Facility
  • Restaurant
  • Service Station
  • Storefront
  • Storefront, Retail or Office
  • Strip Center
  • Unknown
Total Lot Size 12.95 AC
Zoning C - Commercial

1 LOT AVAILABLE

Lot

Price $1,444,014
Price Per AC $111,506.87
Lot Size 12.95 AC

DESCRIPTION

REDUCED Price, Newly Mulched, Cleared & Ready to Sell, Send me your Offers! The entire 13 acres has over 1550' of road frontage on HWY 31 and over 483' of frontage on FM 2661. With over 20,000 cars passing through this intersection daily it's prime for a new business. Well elevated, easy access, great visibility, only 1 mile form Toll Road 49, 6 miles to Tyler and 11.5 miles to I-20. All 13 acres is $2.55 psf, $1,444,014

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-00000-0142-00-002010
Land Assessment
$1,727,328
Improvements Assessment
$0
Total Assessment
$1,727,328
  • Listing ID: 20883375

  • Date on Market: 9/7/2020

  • Last Updated:

  • Address: 16393 Highway 31, Tyler, TX 75709

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