617 Rice Rd, Tyler, TX 75703
sale
$600,000
|
Other
Courtesy Of Drake Capital, LLC dba Drake Real Estate & Investments
PRIME IN-FILL DEVELOPMENT OPPORTUNITY IN SOUTH TYLER DUAL STREET ACCESS Rare opportunity to acquire ±4.05 acres of prime real estate in the heart of the highly coveted 75703 zip code. This strategic assembly of 617 Rice Rd and 5013 Richmond Rd offers a unique "through-tract" configuration with dual frontage, providing unrivaled accessibility and design flexibility for developers and builders. Development Highlights: Dual Access: Direct frontage on both Rice Road and Richmond Road, allowing for high-visibility entry points or private, gated cul-de-sac configurations. Utility Advantage: Significant cost-savings with established city water and sewer connections already on-site (617 Rice Rd). This "utility-ready" status significantly reduces horizontal development timelines and impact fees. Topography & Setting: Level, high-and-dry terrain characterized by mature trees, offering a ready-made "luxury estate" canopy for a high-end pocket neighborhood or a multi-home enclave. Strategic Location: Ideally positioned near the intersection of Broadway and Rice Rd, with immediate proximity to Tyler s premier retail, dining, and medical corridors. The existing structure at 617 Rice Rd is being sold "as-is," providing either a renovation project or a clear path for a tear-down to maximize the lot yield. Whether you are looking to build a signature private family compound or a multi-lot luxury residential development, this property represents one of the last remaining large-acreage opportunities in the Idlewilde/Forestwood vicinity. Investment Grade: Priced for the discerning developer looking to capitalize on South Tyler s sustained demand for premium in-fill housing.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Brick Veneer
- Exterior Type: Brick
- MLSID: 26007312
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