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$600,000
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Property Description
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.
Full Property Details
Full Property Details for 617 Rice Rd
General
- Price: $600,000
- Taxes: $2,815 (2026)
- Status: Active
- Type: Office
- Source: Tyler_MLS
- MLS ID: 26007312
- Updated: 7/13/2026
- Added to Site: 70 day(s) ago
Additional Information
- Improvements: Miscellaneous Building(s)
Location
- County: Smith
- Driving Directions: From the intersection of S Broadway and Rice Rd. Head west on Rice Rd. Property will be on the right in approx. 0.4 miles, just after Richmond Rd.
Heating & Cooling
- Cooling Type: Central Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric On Site
Structural Information
- # Buildings: 2
- Structure Type: Office, Warehouse
- Construction: Brick, Metal Siding
- Square Feet: 1,546
- Sq. Ft. Source: SCAD
- Current Bldg. Use: Other
- Year Built: 1962
- Year Built Source: SCAD
- Property Condition: Pre-owned
Lot Features
- Lot Size (Acres): 4.05
- Lot Dimensions: 4.05 ac
- Frontage: City Street
- Lot Features: Inside City Limits
- Lot Description: 3 to 5 Acres
Financial Considerations
- For Sale: Yes
- For Sale/Rent/Lease: For Sale
- Tax Amount: $2,815.77
- Tax Year: 2026
Disclosures and Reports
- Legal Description: BLOCK 999-E LOT 11B, BLOCK 999M LOT 20, 19
Listed by Drake Real Estate & Investments, Jeremy Caruthers
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Schools
Schools serving 617 Rice Rd
School District:Tyler Independent School District
| Name | Grades | Distance |
|---|---|---|
Rice Elementary School, Tyler, TX 5215 Old Bullard Road, Tyler, TX 75703 | PK-5 | 0.2 mi |
Hubbard Middle School 1300 Hubbard Drive, Tyler, TX 75703 | 6-8 | 1.3 mi |
Tyler Legacy High School 4500 Red Raider Drive, Tyler, TX 75703 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 617 Rice Rd
Date
Details
Price
Change
Source
5/23/2026
Listed
$600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 617 Rice Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,629
—
$461,831
30%
2024
$2,629
-2%
$355,968
2%
2023
$2,691
-35%
$348,053
16%
2022
$4,127
—
$301,126
10%
2021
$4,127
-14%
$274,933
1%
2020
$4,774
-2%
$272,034
23%
2018
$4,852
1%
$221,881
—
2017
$4,826
7%
$221,881
5%
2016
$4,505
3%
$211,004
2%
2015
$4,384
-9%
$206,298
-8%
2019
$4,794
9%
$224,050
8%
2014
$4,393
2%
$206,758
1%
2013
$4,322
—
$204,014
—
Disclaimer: Historical tax 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 617 Rice Rd
617 Rice Rd, Tyler, TX 75703 (MLS# 26007312) is a Office property. 617 Rice Rd is currently listed for $600,000 and was received on May 22, 2026. Want to learn more about 617 Rice Rd? Do you have questions about finding other Office real estate for sale in Tyler? You can browse all Tyler real estate or contact a Coldwell Banker agent to request more information.

