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2604 Garden Valley rd - 120-Unit Zoned Development Site
32.4 Acres of Residential Land Offered at £1,095,430 in Tyler, TX 75702
Investment Highlights
- The Site is located adjacent to the prestigious Willow Brook Country Club and has frontage on Garden Valley Road less than a mile east of Loop 323.
- The Site is well located within Tyler ISD only half mile west of Ramey Elementary, half mile east of Boulter Middle, and mile northeast of Tyler High.
- The Site is platted for 120 duplex lots for up to 120 developable duplex units.
- Ownership will also be conveying all third-party reports and existing construction plans at Closing.
- The portion of the Site located on the north side of Garden Valley Road is zoned PUR. The Site on the south side of Garden Valley Road is zoned R-1D.
- The Site is currently located within an Opportunity Zone.
Property Facts
| Price | £1,095,430 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 32.40 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | £1,095,430 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 32.40 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | £1,095,430 | Lot Size | 32.40 AC |
| Price Per AC | £33,810 |
| Price | £1,095,430 |
| Price Per AC | £33,810 |
| Lot Size | 32.40 AC |
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.
zoning
| Zoning Code | PUR; R-1D |
| PUR; R-1D |
Contacts
-
Jordan Cortez -
Justin Tidwell -
Mason John -
Haley Birmingham -
Will Droese -
Reid Pierce -
Jim McNulty -
Alex Johnson -
Vanguard Real Estate Advisors
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2604 Garden Valley rd - 120-Unit Zoned Development Site
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