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Offered for sale at $599,000 is a 5.18-acre shovel-ready multifamily development site positioned on the hard corner of Bill Owens Parkway and Fairmont Street in Longview, Texas — one of East Texas's most resilient and supply-constrained rental markets.? The parcel is zoned MF-3 (High-Density Multifamily) by the City of Longview, eliminating the entitlement risk that burdens the majority of comparable development opportunities in the region.? With full frontage on both Bill Owens Parkway and Fairmont Street, the site offers exceptional visibility, dual access points, and the flexibility to design a project that commands attention from both corridors.? Critically for a developer's pro forma, both a municipal sewer line and water line run along the Fairmont Street frontage on the property side — infrastructure that is already in place and dramatically reduces off-site utility costs.? Buyers should independently verify utility capacity, size, and tap/connection requirements with the City of Longview Public Works Department prior to closing.? What distinguishes this site beyond the fundamentals is what sits directly across the street: the Paul G.? Boorman Trail, Longview's beloved linear greenway.? Trail-adjacent multifamily is a recognized premium product category, and few sites in the market offer this combination of density-zoned acreage and immediate recreational amenity.? The property falls within Longview ISD, one of East Texas's more sought-after school districts, providing a competitive edge in the family renter segment that competing sites in unincorporated Gregg County cannot replicate.? Longview's multifamily fundamentals remain compelling.? The Longview–Marshall MSA anchors a 230,000+ person regional economy diversified across healthcare, petrochemicals, logistics, and manufacturing.? Eastman Chemical's massive complex, two regional medical centers, and sustained in-migration from higher-cost Texas metros continue to generate durable rental demand.? Meanwhile, new supply has persistently underdelivered relative to household formation, keeping stabilized properties at occupancy levels that underwrite well for new construction.? This is a rare opportunity to acquire pre-entitled, high-density multifamily land with utilities in place, in a demonstrably undersupplied East Texas market — with a lifestyle amenity built in, school district positioning established, and a corridor of proven apartment demand running right past your front door.? |
