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175 Goldsmith Street - Goldsmith Street Development Opportunity 2.15 - 6.17 Acre Commercial Land Lots Offered at $341,925 - $478,695 CAD Per Lot in Quitman, TX 75783
Investment Highlights
- Video Link- https://www.dropbox.com/scl/fi/449ujjuvqf7tvovbda3ly/Goldsmith-Conceptual-Flyaround.mp4?rlkey=d93cqg47kkiiyw1rs163df7q8&st=yc2kthu0&dl=0
- Site location provides great access to both main highway and regional roads via multiple access points
- Adjacent to Kiwanis Hike/Bike trail underway proposed to link the Ima Hogg Pavillion with the Quitman sports complex
- Offered for Sale by Owner – Brokerage Fee Available
- Walkable to CBD, Medical District, churches, schools
- Parcel may be purchased in whole or in part (MF, Hotel, or Other) Parcel has not been subdivided to allow for development flexibility.
Executive Summary
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 additional 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 and is walkable to CBD, Hospital, churches and schools. 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), and over 1149 workers commute into the city per day - see "Inflow/Outflow" diagram in OM.
Additionally, there are no flagged hotels in Quitman and the nearest flagged hotel is 11 miles distance and is circa 2007.
The complete parcel is available to purchase prior to replat.
Property Facts
3 Lots Available
Lot Tract 1
| Price | $341,925 CAD | Lot Size | 2.50 AC |
| Price Per AC | $136,770.00 CAD |
| Price | $341,925 CAD |
| Price Per AC | $136,770.00 CAD |
| Lot Size | 2.50 AC |
SEE INCENTIVES !!! 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. Parcels can be purchased together or separately.
Lot Tract 2
| Price | $478,695 CAD | Lot Size | 6.17 AC |
| Price Per AC | $77,584.28 CAD |
| Price | $478,695 CAD |
| Price Per AC | $77,584.28 CAD |
| Lot Size | 6.17 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. Parcels can be purchased together or separately.
Lot Tract 3
| Lot Size | 2.15 AC |
| Lot Size | 2.15 AC |
SEE INCENTIVES !!! 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. Parcels can be purchased together or separately.
Description
Undeveloped Property
Presented by
Bacon & Johnson
175 Goldsmith Street - Goldsmith Street Development Opportunity
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