1416 E Fairmont St Longview, TX 75604
Beautiful 9 acre tract of land already Zoned to Multi Family in MF-3 ready for development. Located at the intersection of Fairmont Rd and Bill Owens Pkwy which are 2 major thoroughfares in the City of Longview. Fairmont Rd will take you to Pine Tree High School and Jr High as well as access the West Loop 281 while Bill Owens Pkwy will take you to the North Loop 281 as well as the Spring Hill ISD. The property is located just minutes from restaurants, grocery, hospital services as well as it is located at a Trailhead Entrance into the Boorman Trail System that traverses the City as well as newly renovated Lois Jackson Park. This is a rare find in a market that is increasingly hard to find functional land that is already Zoned MF-3 as well as being seconds away from shopping and recreational facilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.