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700 Melba Ave

250 Unit Block of Flats For Sale Gladewater, TX 75647

Investment Highlights

  • Great redevelopment opportunity.
  • Buyer can receive historic tax credit.
  • Historic property.

Executive Summary

Historic property, redevelopment opportunity. Last used as a public school in 2019. Can be redeveloped as mixed-use, apartment, hotel, office, restaurant etc. High ceilings throughout, 15 FT. Includes 750 seat auditorium where Elvis Presley and Roy Rogers performed.

Property Facts

Sale Type Investment or Owner User Lot Size 5.87 AC
Sale Conditions Development Sale Construction Status Proposed
No. Units 250 Building Size 250,000 SF
Property Type Residential Number of Floors 3
Property Subtype Apartment Year Built 2026
Building Class B Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type Investment or Owner User
Sale Conditions Development Sale
No. Units 250
Property Type Residential
Property Subtype Apartment
Building Class B
Lot Size 5.87 AC
Construction Status Proposed
Building Size 250,000 SF
Number of Floors 3
Year Built 2026
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 72436
  • 72442
 Improvements Assessment £643,432
Land Assessment £46,947 Total Assessment £690,379

PROPERTY TAXES

Parcel Numbers
Multiple
  • 72436
  • 72442
Land Assessment
£46,947
Improvements Assessment
£643,432
Total Assessment
£690,379
(817) 204-8142

Contact

  • Listing ID: 31597104

  • Date on Market: 24/04/2024

  • Last Updated:

  • Address: 700 Melba Ave, Gladewater, TX 75647

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700 Melba Ave
(817) 204-8142 x

700 Melba Ave

Tesina Painter

(817) 204-8142

(817) 204-8142

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