15844 Hwy 31 W, Tyler, TX

$1,950,000

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7.34

Acres

About 15844 Hwy 31 W

Owner financing is available for this versatile 7.34-acre property at 15844 State Hwy 31 W, offering a blend of commercial, residential, and agricultural features ideal for a variety of uses, and conveniently located less than a mile west of Loop 49. This unique property includes a successful 8,250 sq ft shop with a pit for servicing large trucks, currently leased until 2027 and generating $3,000 monthly. Additionally, 33 truck parking spaces on 3 acres bring in $100 per month each. The durable parking lot, built in 2013 with crushed concrete, ensures longevity. A standout feature is the 2-acre parcel on the west side of the property, complete with its own curb cut on Hwy 31 W, offering additional development potential or ease of access for separate uses. Residential highlights include a 2,078 sq ft energy-efficient doublewide home with modern amenities, a back porch with a hot tub and granite table, and a Generac 22-watt generator for power security. The 2,945 sq ft brick house, renovated in 2013 for office use and converted back to a residence in 2017, features Cat 6 cabling, a fiber optic internet connection, a saltwater pool with heating system. Agricultural elements include a newly finished greenhouse equipped with water, electricity, and climate control features, and a variety of fruit trees and plants. Additional structures comprise an old garage repurposed for storage, a converted semi-trailer, a two-car carport, and a fenced 2-acre shared backyard. This property’s diverse attributes provide multiple revenue streams and a comfortable living environment, making it a prime investment opportunity.

Features of 15844 Hwy 31 W

MLS® # 24008144
Price $1,950,000
Acres 7.34
Year Built 1964
Type COMMERCIAL BUILDING/LAND
Sub-Type Building
Status Active

Community Information

Address 15844 Hwy 31 W
City Tyler
County Smith
State TX
Zip Code 75709

Amenities

Is Waterfront No

Exterior

Lot Description 204 x 441
Construction Other/See Remarks

Additional Information

Zoning Other/See Remarks
Foreclosure No

Listing Details

AgentSam Scarborough
OfficeScarborough Commercial Real Estate

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