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Flexible Development Site with Highway Access TBD US-79 73 Acres of Commercial Land Online Auction Sale Henderson, TX 75654
INVESTMENT HIGHLIGHTS
- 73-acre raw land lot with flexible commercial zoning, permitting a wide range of multifamily, retail, office, or general commercial developments.
- Ideally located just off Highway 79, shadow-anchored by Lowe’s, with daily visibility to more than 16,000 passing vehicles.
- No new multifamily inventory is currently under construction in the market, offering upside to provide housing to the region’s growing population.
- Fully level topography with multiple potential access points, providing a simplified development process.
- Within an established retail hub, offering national brands like Walmart Supercenter, Kroger, Anytime Fitness, Boot Barn, Starbucks, and Chick-fil-A.
- Supported by more than 26,000 residents living within a 10-mile radius, who contribute over $254 million in annual consumer spending.
EXECUTIVE SUMMARY
Create a dream development project with 73 acres of prime land located just off Highway 79 in Henderson, Texas.
Offering an easily accessible location and flexible commercial zoning, this versatile site presents an ideal canvas for the creation of new multifamily, retail, office, or general commercial space serving this desirable East Texas market. The property comprises raw, wooded land with fully level topography and C2 (general commercial) zoning. It connects directly to several access points from the highway, including a potentially shared ingress with Lowe’s, shadow-anchoring the site.
Situated a short distance off the intersection of Highways 79 and 259, the lot enjoys some of the strongest visibility in the area, with more than 16,000 vehicles passing by the property each day. The surrounding area presents an established commercial hub, with industry-leading retail brands such as Walmart Supercenter, Kroger, Tractor Supply Co., Anytime Fitness, Boot Barn, Starbucks, Chick-fil-A, and more. This ensures fantastic cross-traffic for retail developments, as well as immediate access to quality amenities for multifamily developments.
The Greater Longview Market displays strong fundamentals and leasing activity, lending added support for multifamily developments. The region’s resident base has expanded nearly 5% since 2010, and with no new multifamily projects currently underway, the area is poised to enjoy dependable rent growth in the upcoming years.
A new development at the property will find strong local support in Henderson, driven by a valuable demographic profile within 10 miles of the site. More than 26,000 residents and 1,150 businesses call the area home, and with the average household income sitting above $86,000, these residents contribute annual consumer spending of more than $254 million. This growing population is a boon to new developments in the area, delivering an affluent base of potential residents or customers as well as a dependable workforce.
Offering an easily accessible location and flexible commercial zoning, this versatile site presents an ideal canvas for the creation of new multifamily, retail, office, or general commercial space serving this desirable East Texas market. The property comprises raw, wooded land with fully level topography and C2 (general commercial) zoning. It connects directly to several access points from the highway, including a potentially shared ingress with Lowe’s, shadow-anchoring the site.
Situated a short distance off the intersection of Highways 79 and 259, the lot enjoys some of the strongest visibility in the area, with more than 16,000 vehicles passing by the property each day. The surrounding area presents an established commercial hub, with industry-leading retail brands such as Walmart Supercenter, Kroger, Tractor Supply Co., Anytime Fitness, Boot Barn, Starbucks, Chick-fil-A, and more. This ensures fantastic cross-traffic for retail developments, as well as immediate access to quality amenities for multifamily developments.
The Greater Longview Market displays strong fundamentals and leasing activity, lending added support for multifamily developments. The region’s resident base has expanded nearly 5% since 2010, and with no new multifamily projects currently underway, the area is poised to enjoy dependable rent growth in the upcoming years.
A new development at the property will find strong local support in Henderson, driven by a valuable demographic profile within 10 miles of the site. More than 26,000 residents and 1,150 businesses call the area home, and with the average household income sitting above $86,000, these residents contribute annual consumer spending of more than $254 million. This growing population is a boon to new developments in the area, delivering an affluent base of potential residents or customers as well as a dependable workforce.
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 73.00 AC |
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | C2 - General Commercial | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 73.00 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | C2 - General Commercial |
1 LOT AVAILABLE
Lot
| Lot Size | 73.00 AC | Parcel Numbers | 1648, 1649, 62272 |
| Lot Size | 73.00 AC |
| Parcel Numbers | 1648, 1649, 62272 |
SALE ADVISOR
SALE ADVISOR
Jackson Morris, Advisor
Jackson began his commercial real estate career in 2021 as an assistant financial analyst for The Multifamily Group. During college, he worked at a property management company running leases and assisting with maintenance work. Now full-time at The Multifamily Group, he is an advisor, helping investors sell and acquire multifamily assets in the Dallas/Fort Worth Metroplex. His dedication, problem-solving skills, and social acumen add value to TMG and its clients.
Jackson enjoys spending time with family, cheering on Dallas sports teams, and golfing.
Jackson enjoys spending time with family, cheering on Dallas sports teams, and golfing.
ABOUT THE AUCTION TECHNOLOGY
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AUCTION CONTACT
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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MATTERPORT 3D EXTERIOR
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PHOTOS
STREET VIEW
STREET
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Flexible Development Site with Highway Access | TBD US-79
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Flexible Development Site with Highway Access | TBD US-79
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