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Property Details:

County or Parish
Wood
Lot Size
5 to < 10 Acres
Lot Size (Acres)
8.7700
Lot Size Area
8.7700
Lot Size (Square Feet)
382021.2000
Zoning Description
Commercial

Exterior Information:

Lot Size
5 to < 10 Acres
Acres
8.7700
Waterfront
No

Map

Flood information: FEMA National Flood Hazard Layer (NFHL). Coverage varies; no shading does not mean no flood risk. This map is informational, not an official flood determination for insurance or lending. Verify current maps at the FEMA Map Service Center.

MLS 21406805

175 S Goldsmith Street

Quitman, Texas
$599,000
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Type: Commercial Sale
Remarks: Commercial development opportunity on approximately 8.77 acres at 175 Goldsmith Street in Quitman, TX. Located in the Central Business District of the Wood County seat, this level East Texas site offers visibility from TX-154 near Brookshire's, the county courthouse, government offices and UT Health Quitman. Lake Fork is approximately 4.5 miles away, and Wood County Airport is approximately 5.5 miles away. Purchase the entire property or subdivide and purchase individual parcels, subject to final platting and approvals. The conceptual plan identifies Lot 1 Lot 1 (2.45 acres) for hotel development, Lot 2 Lot 2 (6.32 acres) for multifamily apartments. The property remains unplatted to allow flexibility in parcel configuration, amenities and site design. Executed Chapter 380 economic incentive agreements provide incentives for qualifying hotel and multifamily projects. The hotel package includes per-room cash incentives, hotel occupancy tax rebates and city ad valorem tax rebates. The multifamily package includes per-unit cash incentives and city ad valorem tax rebates. Incentives are subject to agreement terms, performance requirements and verification of transferability; cash incentives are payable upon Certificate of Occupancy. City utilities are available at the curb, with access from TX-154 and Horton Street. Explore hotel, apartment and storage development potential near Lake Fork recreation, local employers and downtown services. Buyer to verify acreage, utilities, access, zoning, permitted uses, subdivision requirements and incentive eligibility.
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Listed by: Ryan Major
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Tony C Hager

Tony C Hager

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