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    201 Magnolia Ln Longview, TX 75605

    For Sale
    $1,001,880

    Central Longview development opportunity. Upscale neighborhood.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 4.6-acre parcel presents a compelling investment opportunity in the heart of Longview, Texas. Located at 201 Magnolia Lane, this property boasts convenient access from both Magnolia Lane and Chickasaw Street, offering excellent visibility and accessibility. The site is strategically positioned within a thriving area, surrounded by a high-end apartment complex and a recently constructed single-family residential rental community, indicating strong neighborhood growth and demand. Proximity to established retail centers, including The Village Shopping Center and The Longview Mall, further enhances its commercial potential. The property's current zoning designation is MF & SF, allowing for a variety of development possibilities, catering to diverse project visions. With its ideal location, substantial size, and favorable zoning, this land parcel represents a rare chance to capitalize on Longview's dynamic real estate market. The 75605 zip code ensures easy access to major transportation routes and amenities. The coordinates are 32.5325037 latitude and -94.7458235 longitude. The asking price for this remarkable property is $1,001,880.

    Property Features for 201 Magnolia Ln

    General Information

    Property type
    Land
    Lot Size
    200,376 SF

    HighLights

    • $1,001,880 asking price.
    • 4.6‑acre land parcel.
    • Located in central Longview, TX, at 201 Magnolia Lane, 75605.
    • Zoned for multi‑family and single‑family development.
    • Excellent location near upscale apartments, new single‑family rentals, and retail centers (The Village Shopping Center & Longview Mall).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.7458235
    Latitude
    32.5325037

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    FAQs

    What type of property is this?
    Land - Central Longview development opportunity. Upscale neighborhood.
    Where is this land located?
    The property is located at 201 Magnolia Ln Longview, TX.
    What is the asking price?
    The asking price for this property is $1,001,880.
    What are key features of this property?
    This property features: $1,001,880 asking price.; 4.6-acre land parcel.; Located in central Longview, TX, at 201 Magnolia Lane, 75605.
    (903) 297-1444
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 Magnolia Ln Longview, TX 75605
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