Overview

Description

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer qualified investors and developers the opportunity to purchase 457.73+/- acres (the “Site”) in the Bridgeport, TX ETJ. The City of Bridgeport is located along US-380 in the rapidly growing Wise County located approximately 13 miles west of Decatur and less than an hour drive northwest of Fort Worth CBD. Bridgeport has a estimated population as of 2022 of 6,321 residents and has seen its population grow nearly 7% since 2020. The Site benefits from its premier highway frontage on the western edge of town, accessibility on both sides of US-380, low carrying costs due to Agricultural Exemption, and being located less than five miles from the renowned Lake Bridgeport. At a price point of only $18,024 per gross acre, the Site offers a rare opportunity to purchase prime development land with no existing zoning restrictions in place. Potential uses include, but are not limited to; mixed-use development, single family residential, industrial development, and commercial development. Additionally, Ownership would also consider selling either the northern (219.723+/- acres) or southern (238.007+/- acres) portion of the Site.

Click the following link to access our online due diligence vault: https://docsend.com/view/s/bei5kxa6n4e89fbw

A 2% co-broker fee is available to a third-party Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity.

Highlights

• The Site is positioned for numerous development options since it is located on both the north and south side of US-380 with over 4,300 feet of highway frontage allowing for fantastic visibility and access. In addition to US-380, the Site has frontage along FM-1658 and FM-920.
• Being less than 5 miles east of Lake Bridgeport the Site benefits from proximity to one of Wise County’s largest attractions for both entertainment and hospitality
• The Site is within 2 miles from Brookshire’s Grocery, Wise Health System, First National Bank, as well as numerous retail, dining, and entertainment establishments in Bridgeport’s historic downtown area only a 5 minute drive from the Site
• The Site is located in Wise County within the Bridgeport Extraterritorial Jurisdiction (ETJ) allowing for a variety of uses as there is no zoning in place.
• According to the latest US Census estimates, Wise County has a population of just under 75,000 people, a 9.1% increase from 2020 and population growth continues to trend upward.

Documents

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