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2043 Shiloh Road - 13.97-Acre Entitled Multifamily Site 14.64 Acres of Residential Land Offered at $1,695,000 in Tyler, TX 75703
INVESTMENT HIGHLIGHTS
- The 13.97-acre Site is well positioned less than a mile west of Troup Highway and approximately 1.5 miles east of Broadway Avenue.
- The Site is situated within the City of Tyler and is zoned as a Planned Multifamily Residential District per Ownership and has an approved Site Plan
- According to the U.S. Census Bureau, Tyler has an estimated population of 107,192, an increase from approximately 105,000 in 2020.
- The Site benefits from its frontage along Shiloh Road, existing utility connections, and low millage rate of 1.744450
- Per the Site Plan, the maximum number of units on the Site will be 223 and be at a density of 15.23 units per acre.
- UT Tyler recently broke ground on a $308MM Medical School just 3 miles north of the Site, which is expected to bring around 15,000 jobs to the MSA.
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $1,695,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 14.64 AC |
| Property Type | Land | ||
| Zoning | PMF - Planned Multifamily - Commercial | ||
| Price | $1,695,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 14.64 AC |
| Zoning | PMF - Planned Multifamily - Commercial |
1 LOT AVAILABLE
Lot
| Price | $1,695,000 | Lot Size | 14.64 AC |
| Price Per AC | $115,778.69 |
| Price | $1,695,000 |
| Price Per AC | $115,778.69 |
| Lot Size | 14.64 AC |
Located on Shiloh Rd in Tyler, TX between an existing apartment complex and an existing townhouse development in a Planned Multifamily Residential District, Seller has an approved site plan and Phase l-Environmental Site Assessment dated 10/21/2022.
DESCRIPTION
Prime 13.97-Acre Development Opportunity in Southeast Tyler, TX Attention investors and developers! This 13.97-acre parcel, located in the heart of southeast Tyler, presents an exceptional opportunity for multifamily development. Positioned between an established apartment complex and a thriving townhouse community, this property is situated within a Planned Multifamily Residential District, making it ideal for further residential development. The property comes with an approved site plan, streamlining the development process, allowing you to hit the ground running. Additionally, the seller has provided a recent Phase I Environmental Site Assessment, completed on October 21, 2022, ensuring peace of mind regarding environmental conditions. With its prime location, easy access, and surrounding residential developments, this parcel is poised for a successful future. Don't miss out on this rare opportunity to enhance the growing southeast Tyler area. Contact us today for more details!
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2043 Shiloh Road - 13.97-Acre Entitled Multifamily Site
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