13026 State Highway 155Tyler, TX 75703

Property Details for 13026 State Highway 155

Year built

1999

Lot size

0.85 AC

Property size (Sq ft)

2,400 SF

Property type

Investment properties

Property subtype

Live-work space

APN

1-00000-0018-07-019010

APU

100000001807019010

Description

This exceptional investment opportunity presents a thriving auto sales business situated on a prominent corner lot in Tyler, Texas. The property boasts a total of 5,600 square feet across two buildings, strategically positioned at the intersection of Highway 155 and Lake Placid Road, offering significant visibility and accessibility. The main building, a substantial 2,400 square feet, underwent a complete renovation in 2022, ensuring modern and functional spaces. A secondary 3,200-square-foot shop building provides ample additional space for various automotive-related operations or storage. The property's expansive frontage along Highway 155 (290 feet) and Lake Placid Road (350 feet) maximizes exposure to a high volume of daily traffic. Built in 1999 and meticulously updated, this Class B property is priced at $1,200,000, translating to $214.29 per square foot. The property is currently utilized as a car lot, presenting a turnkey opportunity for continued operation or potential redevelopment. Zoning information is not currently available. This is a rare chance to acquire a well-established, high-visibility commercial property in a desirable Tyler location. The property's size, location, and recent renovations make it an ideal investment for savvy entrepreneurs seeking a strong return.

• CAP approach

  CAP return

  Valuation

  6%

  $528,544

  6.5%

  $487,887

  7%

  $453,038

• Comparable approach

  Method

  Valuation

  Relative Method

  $351,028

  Geo Method

  $718,536

• Alternative Use

  Use

  Valuation

  Residential

  $604,979

  Hospitality

  $554,158

  Educational

  $461,053

  Medical

  $476,909

  Retail

  $717,193

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.2919

Longitude

-95.3507

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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