$600,000

617 Rice Rd, Tyler, TX 75703

  • 1,546 sqft
  • Property Icon Land
  • Property Year Built Icon Built in 1962
  • Property Lot Size Icon4.05acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $388/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Date Added:
May 23, 2026
Data Last Updated:
July 30, 2026 at 3:18AM
Listing Office:
Drake Real Estate & Investments : 903-581-3737
Listing Agent:
Jeremy Caruthers : 903-630-0582
MLS ID:
26007312
  • A/C: Central Electric
  • Improvements: Miscellaneous Building(s)
  • General: BrickMetal Siding
  • Road/Access: City Street
  • Originating MLS: Greater Tyler Association of REALTORS
  • County: Smith
  • Zoning: BLOCK 999-E LOT 11BBLOCK 999M LOT 2019
  • Current Use: Other
  • Utilities: Electric On Site
  • Water: Public
  • Sewer: Public Sewer
  • Source: Greater Tyler Association of REALTORS

This listing courtesy of Jeremy Caruthers , Drake Real Estate & Investments

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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