120-Unit Duplex Development Site

$1,400,000

2604 Garden Valley Road, Tyler, TX 75702

For Sale

Land Residential

Active

Last Updated: 09/27/2024

Details:

Lot Area: 32.4 acres

Zoning: PUD; R-1D

Offered by

Jordan Cortez

Managing Principal

Vanguard Real Estate Advisors

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Description:

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer builders and developers the opportunity to purchase a 32.4+/- acre, 120-unit duplex development site (the “Site”) located along Garden Valley Road in Tyler, Texas. The Site is currently zoned R-1D and PUR which allows up to 120 units on the 120 platted duplex lots; a Developer can do “for sale” or “for rent” product. It is our understanding the 9.34+/- acres on the southside of Garden Valley Road that is zoned R-ID can also be developed as single family detached homes or modular homes.

Ownership’s existing third-party reports and construction plans to be conveyed at Closing. The Site is located less than a mile east of Loop 323. At a price of $11,667 per Developable Unit ($0.99 PSF), this is an excellent value for entitled lots in a rapidly growing market in East Texas. Ownership would consider Seller Financing with a 50% down payment with a qualified buyer, call to discuss in more detail.