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About This Home
This 0-bedroom, 0-bathroom commercial at 617 Rice Rd in Tyler, TX is listed for $600,000 ($388 per sqft). Built in 1962, the home offers 1,546 sqft of living space on a 4.05 acres lot.
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.
Key Features
- Built in 1962
- 4.05 acre lot
Property Details
Monthly Cost Estimate
$3,209/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
617 Rice Rd
Tyler, TX 75703
Property Details
Construction
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 617 Rice Rd is listed at $600,000 ($388/sqft). The estimated monthly payment is $2,600 based on 20% down at 6.5% interest.
Key features include: Built in 1962, 4.05 acre lot.
This property is listed by Jeremy Caruthers and can be reached at 9035813737 or Jeremy@draketexas.com.
