105 Acres on Hwy. 421 - Lumberton

Highlights:

• Highway Frontage
• High Traffic
• New Homes Selling Fast
• Excellent Access
• Located just East of City Park
• Mixed use Development Opportunity

Description:

This tract has Hwy. 421 frontage and is residential zoned in the City of Lumberton. It has about 460' of Highway 421 frontage. It has the potential to be a fantastic mixed uses development site. Just under 1,500' +/- West of the Highway 69/287 intersection. Single family home demand in Lumberton continues to outpace supply. Retail leakage in the area is over $55,000,000. Combine this site with the 15 acre tract in front on Hwy. 69/287 and you have access to both 69 and 421 and would have a great retail entrance to a nice subdivision. The property is located just to the East of the new Lumberton City Park on Hwy. 421.

Lumberton has experienced a great deal of growth over the past 15 years. It is the gateway to Beaumont. It is also the home of Village Creek State Park, which attracts tourists from all over the states of Texas and Louisiana. SETX is experiencing a large amount of industrial expansion and as such the area is poised for growth. The largest project about to kick off is the widening and deepening of the Sabine-Neches Ship Channel. This project is set to create 78,000 permanent jobs for the area over the next 25 years, according to well-known economist Ray Perryman. Natgasoline just broker ground on a new methanol plant in Beaumont with an estimated price tag of $1B. Two LNG plants are adding another $10B apiece. So many other large projects have been announced as well. It is a great time to be investing money in SETX.

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