227 Beckham AveTyler, TX 75702

Property Details for 227 Beckham Ave

Year built

1915

Lot size

0.18 AC

Property size (Sq ft)

1,500 SF

Property type

Office buildings

APN

1-50000-0067-00-024000

APU

150000006700024000

Description

This exceptional 1.2-acre redevelopment opportunity in Tyler, Texas, presents a unique chance to capitalize on a high-traffic, high-visibility location. Situated along South Beckham Avenue, this property boasts proximity to Tyler's thriving downtown entertainment district and the burgeoning medical district, including the UT Tyler School of Medicine and Hospital District. The site includes an existing 1,500 square foot metal office building, offering immediate potential for adaptive reuse or demolition to make way for a new development. The property is zoned C-1, C-2, and RMF, allowing for a variety of uses. All utilities are readily available. The asking price is $399,000, translating to $266 per square foot. This property consists of one building on one story, with a total of one unit. The lot size is 1.2 acres, and the parcel numbers are R050128, R050121, R050118, and R050120. Individual lots are also available for sale. This is an unparalleled chance to create a significant development in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $330,340

  6.5%

  $304,929

  7%

  $283,148

• Comparable approach

  Method

  Valuation

  Relative Method

  $219,392

  Geo Method

  $449,085

• Alternative Use

  Use

  Valuation

  Residential

  $378,112

  Hospitality

  $346,349

  Educational

  $288,158

  Medical

  $298,068

  Retail

  $448,246

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.3487

Longitude

-95.2947

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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