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$350,000
Est. payment /mo
6.61 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26013569
Annual Tax Amount $117
Tax Year 2026
Lot Size 6.610 Acres
Acres 6.61
Property Sub-Type Land
Source Greater Tyler Association of REALTORS
Property Description
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.
Location
State TX
County Wood
Exterior
Parking Features On Street
Building
Lot Description Inside City Limits
Sewer None
Water Quitman Water Department, None
Others
Acceptable Financing Conventional, FHA, VA Loan, Cash
Listing Terms Conventional, FHA, VA Loan, Cash
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Listed by Ryan Major Keller Williams Realty-Tyler
Nearby School & Business
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