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.
Property Type :
Land
County :
Wood
Style :
Land
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ByOwner last updated this listing 05/09/2024 @ 21:40
MLS: 433635741
LISTED BY: Jordan Cortez, Vanguard Real Estsate Advisors
SOURCE: NTREIS - North Texas Real Estate Information
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
