2604 Garden Valley RdTyler, TX 75702

For Sale
$1,400,000

120-Unit Duplex Site, Seller Financing Available

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 32.4-acre site in Tyler, Texas, presents a prime development opportunity. Strategically located adjacent to the prestigious Willow Brook Country Club and with frontage on Garden Valley Road, it enjoys high visibility and easy access. Less than a mile east of Loop 323 and under two miles from the intersection of Loop 323 and Highway 64, the property benefits from proximity to major national retailers and significant traffic flow. The site's location within the Tyler ISD is another key advantage, being near Ramey Elementary, Boulter Middle, and Tyler High Schools. Zoned PUD and R-1D, the land is platted for 120 duplex units, with the potential for single-family homes or manufactured housing on the 9.34-acre R-1D portion. Existing third-party reports and construction plans will be conveyed at closing. The property's designation as an Opportunity Zone adds further investment appeal. The asking price is $1,400,000, and seller financing with a 50% down payment may be considered for qualified buyers. Purchasers are responsible for verifying zoning, capacity, and permitted uses. Tyler's robust growth, with a 2022 population of approximately 109,286 and a July 2024 median home price of $340,000, makes this a compelling investment in a thriving East Texas market. The median price per square foot for single-family homes in July 2024 was $176.35, according to Texas Realtors.

Highlights

  • $1,400,000 asking price for 32.4 acres of land zoned for residential development.
  • Prime Tyler, TX location adjacent to Willow Brook Country Club, with Garden Valley Road frontage, less than one mile east of Loop 323.
  • Less than two miles from the intersection of Loop 323 and Highway 64, near major national retailers.
  • Excellent Tyler ISD location near Ramey Elementary, Boulter Middle, and Tyler High Schools.
  • Zoned PUR and R-1D, allowing for up to 120 duplex units, with the R-1D portion also suitable for single-family homes or manufactured housing.
  • Located in an Opportunity Zone; seller financing considered.

Property Details for 2604 Garden Valley Rd

Property type
Other land, Land
Lot Size (sq. ft)
1,411,344 SF

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.362815
Longitude
-95.331991
2604 Garden Valley Rd, Tyler, Texas

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2604 Garden Valley Rd
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