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.
| MLS # | 26013507 |
|---|---|
| Listing Type | For Sale |
| Style | Land |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 30 |
| Listing Provided By | Keller Williams Realty-Tyler | Ryan Major |
| SQ Feet | 94,275 |
|---|---|
| Acreage | 2.16 |
| Lot Features | Inside City Limits |
|---|---|
| Topography | Level |
| Parking Features | On Street |
|---|
| Utilities | Water Available, Natural Gas Available |
|---|---|
| Sewer | Sewer Available |
| Electric | None |
| Water Source | Quitman Water Department |
| Power Company | Wood County Electric Coop |
| Gas Company | Atmos Energy |
| Tax Annual Amount | 117.84 |
|---|---|
| Tax Legal Description | LOT 1 PT BLK 52 2.16 QUITMAN TOWNSITES |
| Tax Year | 2026 |
| Tax Value Exempted Yes / No | Yes |
| State | TX |
|---|---|
| County | Wood |
| City | Quitman |
| Zip Code | 75783 |
| Area | Wood |
| Listing VS Median (in 75783) | |
Price: $250,000 low | high Med: $249,500 sqft: 94,275 low | high Med: 1,468 $ / sqft: $3 low | high Med: $190 On site: 30 low | high Med: 112.5 | |
| State | TX |
|---|---|
| County | Wood |
| City | Quitman |
| Zip Code | 75783 |
| Area | Wood |
| Listing VS Median (in 75783) | |
Price: $250,000 low | high Med: $249,500 sqft: 94,275 low | high Med: 1,468 $ / sqft: $3 low | high Med: $190 On site: 30 low | high Med: 112.5 | |