TBD Bill Owens Parkway, Longview, TX 75605 For Sale

Investment Highlights

1. Zoning Already in Place — No Entitlement Risk The property carries an existing MF-3 (High-Density Multifamily) designation from the City of Longview — the highest-intensity residential zoning classification available. A developer can move directly to site planning and permitting without the time, cost, or uncertainty of a rezoning campaign. This alone represents significant off-market value in today's development environment.

2. 5.18 Usable Acres on a Hard Corner A corner lot at Bill Owens Parkway and Fairmont Street provides two full frontage corridors, superior traffic visibility, and flexible access point options. At 5.18 usable acres, the site accommodates a meaningful project scale — estimated 100–160+ units depending on setbacks, product type, and parking configuration — while remaining manageable for a mid-size development group.

3. Sewer and Water Lines On-Site Along Fairmont Both a municipal sewer line and water line run along the Fairmont Street side of the property — on the property side of the right-of-way. This meaningfully reduces infrastructure cost and construction timeline compared to sites that require off-site utility extensions. Buyers are encouraged to independently verify utility size, capacity, and connection requirements directly with the City of Longview Public Works Department prior to closing.

4. Paul G. Boorman Trail Directly Across the Street The Paul G. Boorman Trail is a well-maintained multi-use greenway running through Longview's northwest corridor. This is a genuine lifestyle amenity that multifamily developers typically pay a premium to be adjacent to — walkable trail access is a proven rent driver in markets of all sizes. Future residents will have direct recreational access without leaving the neighborhood.

5. Longview ISD — A Distinct Leasing Advantage Located within Longview Independent School District boundaries, the property enjoys built-in appeal for family renters who prioritize school district access. Longview ISD serves approximately 14,000 students and includes highly regarded campuses. Being inside LISD rather than a peripheral district is a tangible competitive advantage over comparable multifamily sites in unincorporated areas.

6. Strong and Growing Longview Metro Fundamentals Longview is the economic hub of the Longview–Marshall–Kilgore MSA (Gregg County), with a metro population exceeding 230,000. The market benefits from:

• Major employers across diverse sectors: East Texas Medical Center, Longview Regional Medical Center, Eastman Chemical (one of the largest industrial employers in East Texas), Amazon fulfillment, and an active oil & gas services base
• Consistent positive net migration driven by Texas's broader in-migration trends and housing affordability relative to DFW
• Low vacancy environment: Gregg County's multifamily occupancy has remained historically tight, with stabilized Class A properties routinely achieving 92–95%+ occupancy
• Below-replacement housing supply: New multifamily deliveries in Longview have chronically lagged household formation, creating persistent demand for quality rental product

7. Prime Position on Bill Owens Parkway Bill Owens Parkway is one of Longview's primary arterial corridors connecting the northwest residential growth areas to Loop 281 and US-259. The site sits at a natural confluence of commuter traffic, retail amenities, and established multifamily demand — the same corridor where Summer Brook Apartments (4.7 ⭐, 165 reviews) operates successfully at 2300 Bill Owens Pkwy, less than a mile north.

8. Texas Business Climate & No State Income Tax Texas's no-income-tax environment, landlord-friendly regulatory framework, and stable property rights continue to attract institutional and private capital to multifamily development at scale. Longview benefits directly from the Texas brand while offering a cost basis that DFW and Houston cannot match.