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$1,200,000
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Property Description
At the crossroads of promise, this exceptional property embodies untapped potential. Its sprawling corner parcel, boasting over 1,550 feet of road frontage on HWY 31 and an additional 483 feet on FM 2661, serves as a strategic canvas for new business ventures. Positioned strategically, the land benefits from a constant flow of traffic, with over 20,000 cars passing through the intersection daily, enhancing its appeal for prospective entrepreneurs. Beyond its expansive frontage, the property's allure is accentuated by its elevated positioning, ensuring prominence and providing an impressive vantage point. Easy access further enhances its charm, making it a convenient destination for local residents and commuters alike. The exceptional visibility draws attention to the myriad possibilities on this prime piece of real estate. Location is a pivotal factor in the property's allure, just 1 mile from Toll Road 49, facilitating swift connectivity to major routes, including I-20. Its strategic positioning, only 6 miles from Tyler and 1 mile from Chandler, places it at the crossroads of key transportation hubs, establishing the property as a hub of convenience and accessibility. Meticulously divided into five smaller parcels, the property offers flexibility for potential buyers to acquire individual parcels or the entire property. Situated just beyond Tyler City Limits but within the jurisdiction of Tyler ETJ (Extraterritorial Jurisdiction), it strikes a harmonious balance between rural tranquility and urban proximity. Prospective buyers stand to benefit from potential access to city sewer services, providing a layer of convenience and modern infrastructure. The option to connect to the City of Chandler's sewer system adds a valuable dimension. The waste station's proximity, approximately 1 mile West on HWY 31 towards Chandler, positions this parcel as an ideal candidate for streamlined utility access. About 75% of the land has been recently mulched and cleared.
Full Property Details
Full Property Details for 16393 W Hwy 31
General
- Price: $1,200,000
- Status: Active
- Type: Commercial Investment
- Source: Tyler_MLS
- MLS ID: 24012259
- Updated: 1/19/2026
- Added to Site: 537 day(s) ago
Location
- County: Smith
- Driving Directions: Located at the corner of HWY 31 and FM 2661 From Tyler Loop 323, head West on HWY 31 for 6 miles, property is on your Left after the intersection light. From Chandler FM 315, head East on HWY 31 for 2.5 miles, property is on your Right at the intersection light.
Structural Information
- Exterior Const.: None
Lot Features
- Lot Size (Acres): 13
- Lot Dimensions: Irregular
- Frontage: County Maintained Road, State/US Highway
- Frontage Feet: 1550
- Topography: Sloped
- Potential Use: None
- Zoning: Commercial, Retail, Multi Family Dwelling
Listed by Staples Commercial Group, LLC, Ray Verhey
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Schools
Schools serving 16393 W Hwy 31
School District:Tyler Independent School District
| Name | Grades | Distance |
|---|---|---|
Owens Elementary School 11780 C R 168, Tyler, TX 75703 | PK-5 | 7.4 mi |
Three Lakes Middle School 2445 Three Lakes Parkway, Tyler, TX 75703 | 6-8 | 6.6 mi |
Tyler Legacy High School 4500 Red Raider Drive, Tyler, TX 75703 | 9-12 | 8.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 16393 W Hwy 31
Date
Details
Price
Change
Source
1/19/2026
Price Reduced
$1,200,000
-16.9%
MLS
8/31/2024
Listed
$1,444,014
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 16393 W Hwy 31
16393 W Hwy 31, Tyler, TX 75709 (MLS# 24012259) is a Commercial Investment property. 16393 W Hwy 31 is currently listed for $1,200,000 and was received on August 31, 2024. Want to learn more about 16393 W Hwy 31? Do you have questions about finding other Commercial Investment real estate for sale in Tyler? You can browse all Tyler real estate or contact a Coldwell Banker agent to request more information.

