175 Goldsmith Street - Goldsmith Street Development Opportunity
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175 Goldsmith Street - Goldsmith Street Development Opportunity
10.8 Acres of Commercial Land in Quitman, TX 75783
Investment Highlights
- Great access to main highway and regional roads
- Adjacent to Kiwanis Hike/Bike trail underway
- Brokerage Fee available
- Plenty of frontage
- Walkable to CBD, Hospital, churches, schools
Executive Summary
SIGNIFICANT MULTI-FAMILY AND HOTEL DEVELOPMENT ECONOMIC INCENTIVES OFFERED !
Multifamily- $2400/key for first 140 units plus ad valorem relief
Hotel - $2800/key for up to 90 guestrooms, $350k HOT rebates plus ad valorem relief
*** see offering memo for details ***
Great location in fast growing East Texas. Quitman is the county seat of Wood County, and enjoys county business as well as HQ location for several major countywide companies. Location is proximate to world famous Lake Fork for fun and to area workforce locations of Greenville, Sulphur Springs, Longview, Tyler and Terrell. Property is adjacent to Kiwanis Hike/Bike trail underway. Local hospital part of UT Health system and has links to UT Med School in Tyler. County airport 6 miles to the south is undergoing runway extension to accommodate jet traffic. The Quitman CCD has a population of 12,136 per US Census (2020)- see "Inflow/Outflow" diagram in OM. Additionally, there is no flagged hotel in Quitman.
Pricing is subject to parcel size.
Multifamily- $2400/key for first 140 units plus ad valorem relief
Hotel - $2800/key for up to 90 guestrooms, $350k HOT rebates plus ad valorem relief
*** see offering memo for details ***
Great location in fast growing East Texas. Quitman is the county seat of Wood County, and enjoys county business as well as HQ location for several major countywide companies. Location is proximate to world famous Lake Fork for fun and to area workforce locations of Greenville, Sulphur Springs, Longview, Tyler and Terrell. Property is adjacent to Kiwanis Hike/Bike trail underway. Local hospital part of UT Health system and has links to UT Med School in Tyler. County airport 6 miles to the south is undergoing runway extension to accommodate jet traffic. The Quitman CCD has a population of 12,136 per US Census (2020)- see "Inflow/Outflow" diagram in OM. Additionally, there is no flagged hotel in Quitman.
Pricing is subject to parcel size.
Property Facts
1 Lot Available
Lot
| Lot Size | 10.80 AC |
| Lot Size | 10.80 AC |
Excellent location at center of town. Goldsmith Street connects to key regional roads allowing good ingress/egress.Wooded with a slight slope to adjacent swale. Currently, the parcel has not been subdivided to allow for development flexibility.
Description
Undeveloped Property
zoning
| Zoning Code | B-2 (Allows for Hotel and Multifamily as well as other uses) |
| B-2 (Allows for Hotel and Multifamily as well as other uses) |
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Presented by
Bacon & Johnson
175 Goldsmith Street - Goldsmith Street Development Opportunity
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