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    1416 Fairmont St Longview, TX 75604

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    For Sale
    Contact for pricing

    9 Acres, MF-3 Zoned, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9-acre tract presents a rare opportunity for multifamily development in Longview, Texas. Situated on a signalized hard corner at the intersection of Bill Owens Parkway and Fairmont Road, two major thoroughfares, this property boasts excellent visibility and accessibility. The land is zoned MF-3, allowing for immediate development of a multifamily project. Pre-approved maximum unit layouts are available. The location offers convenient access to Loop 281, Pine Tree High School and Junior High, Spring Hill ISD, and various amenities including restaurants, grocery stores, and hospital services. Furthermore, its adjacency to the Boorman Trail System and the newly renovated Lois Jackson Park provides significant recreational appeal. This prime location, combined with the existing MF-3 zoning, makes this a truly unique opportunity in a competitive market. The property is offered fee simple and encompasses addresses 1416 and 1422 E Fairmont St, Longview, TX 75604, within Gregg County. The lot size ranges from 2 to 9 acres. This is a remarkable chance to capitalize on the growing demand for multifamily housing in a desirable Longview location.

    Property Features for 1416 Fairmont St

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 9‑acre parcel available for development.
    • Multi‑family zoning (MF‑3).
    • Pre‑approved unit layout maximizes density.
    • High‑visibility corner lot at a signalized intersection.
    • Frontage on Fairmont Rd and Bill Owens Pkwy.
    • Adjacent to Boorman Trail System.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.761662479409
    Latitude
    32.514607415235

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    FAQs

    What type of property is this?
    Land - 9 Acres, MF-3 Zoned, Prime Location
    Where is this land located?
    The property is located at 1416 Fairmont St Longview, TX.
    What are key features of this property?
    This property features: 9-acre parcel available for development.; Multi-family zoning (MF-3).; Pre-approved unit layout maximizes density.
    Request Owner's contact information
    1416 Fairmont St Longview, TX 75604
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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
    1416 Fairmont St Longview, TX 75604
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