17056 Interstate 20Lindale, TX 75771

Property Details for 17056 Interstate 20

Year built

1984

Lot size

0.32 AC

Property size (Sq ft)

2,754 SF

Property type

Office buildings

APN

1-36650-0000-00-002000

APU

136650000000002000

Description

This exceptional 69.197-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing city of Lindale, Texas. Strategically located on the hard corner of Interstate 20 and Harvey Road, this property boasts over 2,000 square feet of I-20 frontage, ensuring high visibility and accessibility. The site is zoned Highway Commercial (C-2) and benefits from readily available city water and sewer services. Development plans are underway for significant infrastructure improvements, including Harvey Road enhancements and the West Lindale construction project commencing in 2024. Furthermore, the Texas Department of Transportation (TXDOT) is expanding I-20, widening the main lanes from four to six and adding two-lane frontage roads, further enhancing the property's value and accessibility. This prime location is anchored by The Texan Stores, a 22,000 square foot retail store and travel center slated to open in 2025. The property's proximity to a major Target distribution center (1.6 million square feet), a planned Lindale EDC future office park, and the Hideaway Lake development (home to over 3,000 residents) underscores its exceptional potential. This site is ideally suited for a variety of commercial uses, including multifamily, hotel, retail, and mini-storage developments. Join the growth in Lindale and capitalize on this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $606,504

  6.5%

  $559,850

  7%

  $519,861

• Comparable approach

  Method

  Valuation

  Relative Method

  $402,804

  Geo Method

  $824,520

• Alternative Use

  Use

  Valuation

  Residential

  $694,214

  Hospitality

  $635,896

  Educational

  $529,058

  Medical

  $547,253

  Retail

  $822,979

Location Insight

City

Hideaway

County

Smith

State

Texas

Latitude

32.4713

Longitude

-95.4515

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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