Smith County will offer $140,000 to purchase a piece of land from the Tyler Independent School District just off U.S. Highway 69 near Swan.
The Smith County Commissioners Court voted Tuesday to make the offer to the Tyler Independent School District for the land at 17147 Farm-to-Market Road 3271.
The land is about 10.2 acres just off U.S. 69, north of Tyler city limits and south of Interstate 20. The land is called the TISD Ag Farm in county documents.
Frank Davis, the Smith County engineer, said he and his team researched appraisal data through the Smith County Appraisal District to make an appropriate offer.
Davis said land in the area sells for $7,500 to $30,000 per acre, getting higher as property is closer to U.S. 69. The offer would be just under $14,000 per acre.
Davis said the property is a tenth of a mile from U.S. Highway 69, and you can see the highway from the property.
If the deal goes through, the land will be the site of Smith County’s new facility for the Road and Bridge Department, replacing the one near Glenwood Boulevard in Tyler.
The Commissioners Court has set aside $150,000 for purchasing property and just under $2.9 million for building the facility.
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