3980 Mcdonald Rd Tyler, TX 75701

This exceptional 18.96-acre commercial land parcel in southeast Tyler, Texas, presents a remarkable opportunity for multifamily development. Located at 3980 McDonald Rd, Tyler, TX 75701 (APN: 1-50000-1445-05-001010), this property is zoned PMF (Planned Multifamily) and boasts significant potential. The City of Tyler's Unified Development Code allows for a maximum density of 455 units, making it ideal for a large-scale residential project. Its proximity to UT Tyler (approximately 0.3 miles) makes it particularly attractive for student housing. Significant groundwork has already been completed, and city services are readily available. The property is served by Chapel Hill ISD. This offering presents a compelling investment opportunity with substantial upside potential due to its location, zoning, and high-density capacity. The asking price is $2,950,000. While the city's development code suggests a maximum density, potential buyers should independently verify this information with the City of Tyler's Planning and Zoning Department for definitive confirmation.