0000 Goldsmith Street, Quitman, Texas 75783

$660,151
List Price
$660,151
MLS#
20476516
Status
ACTIVE
Type
Land
County
Wood
City
Quitman
Development
City Limits, Zoned

Property Description

Vanguard Real Estate Advisors has been exclusively retained by Ownership to offer investors and developers the opportunity to purchase an entitled 8.66+- acre multifamily site which allows for up to 207 units out of a larger 10.88+- acre parcel in Quitman, TX. The City of Quitman is strategically located in East Texas approximately 85 miles east of Dallas and 35 miles north of Tyler. The Site is ideally located within the city center of Quitman and is zoned General Business which allows for multifamily development by right and has an executed Chapter 380 Agreement in-place providing a developer an incentive payment as well as tax reimbursements. The Site offers a unique opportunity to purchase a zoned site at a price well below market in an area primed for additional residential units. Ownership also has 2.155+- acres adjacent to the Site, which is slated for hospitality development that they would potentially consider selling in conjunction with the 8.66+- acre tract.

Additional Information

HOA
No HOA
Lot Size
377,229
Lot Description
Acreage
Subdivided
No
Street Utilities
City Sewer, City Water
School District
Quitman Isd
Elementary School
Quitman
High School
Quitman
Zoning
General Business
Possession
Closing/Funding
Ag Exemption
Yes
Restrictions
No Known Restriction(s)
Easements
None

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jordan Cortez from Vanguard Real Estsate Advisors. Contact: 214-556-1951