Tyler, TX Development Site

$675,000 | 4.75 Acres of Land | Van Hwy, Tyler, TX

INVESTMENT OVERVIEW

The Van Highway Development Site consists of 4.75 acres of land.  This site benefits from strong rental rates throughout its market, with non-climate rates averaging $18.15 PSF and climate-controlled rates averaging $24.01 PSF.   

The site sits near the intersection of Van Highway and NW Loop 323, with an excess of 28,000 vehicles passing by the facility each day.  There are no current active developments within a 4.5-mile radius, with a current SQFT/Capita of 8.1.  The site boasts a 5-mile population of 72,885 with an annual population growth rate of 0.55%.   

INVESTMENT HIGHLIGHTS

  • 72,885 people within a 5-mile radius with an annual growth rate of 0.55%.
  • Average of 28,000 VPD passing the site.
  • Proposed plans consist of 321 units and 41,300 NRSF of climate and traditional drive-up.
  • Current web rates surpassing $18.15 PSF for traditional drive-up units and $24.01 PSF for climate controlled units, annualized.

FACILITY SUMMARY

Property Name: Tyler, TX Development Site
Address: 3304 & 3330 Van Hwy, Tyler, TX 75702
County: Smith County
Land Size: 4.752 Acres
5-Mile Population: 72,885 (0.55% Annual Population Growth)

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