South Major Drive
Newly available 7.43-acre residential development tract in Beaumont, Texas, offered at $1,114,500. The level site is zoned High Density/Multi-Family and positioned for multifamily, residential, or compatible uses. Located between Washington Boulevard and Walden Road along S Major Drive, the property sits approximately four miles from I-10 and benefits from city water, sewer, and major utilities available at the street.
The site is well positioned within an established residential corridor with nearby retail amenities and major transportation access. Flexible acquisition structures are available: owner financing at 6.9% interest with approximately 7–10% down, a potential 20–50-year ground lease with extension options, or property subdivision. These options accommodate developers, investors, and owner-users with varying capital and operational preferences.
- 7.43 acres zoned High Density/Multi-Family
- City water, sewer, and utilities at street
- Owner financing available at 6.9% with 7–10% down
- Ground lease option (20–50 years with extensions)
- Four miles from I-10; established residential market
Location
This 7.43-acre tract along S Major Drive in Beaumont, Texas, offers an excellent development opportunity in a growing area between Washington Boulevard and Walden Road. Currently zoned High Density/Multi-Family, the level site is well suited for multifamily, residential, or other compatible uses, with city water, sewer, and major utilities available at the street. The property is conveniently located near established residential communities, retail amenities, and major transportation routes, including I-10, approximately four miles away. Flexible acquisition options are available, including owner financing at 6.9% interest with approximately 7–10% down, a potential 20–50-year ground lease with extension options, or subdivision of the property. With its favorable zoning, accessible location, available utilities, and flexible purchase structures, this property presents a strong opportunity for developers, investors, and owner-users. Buyers should independently verify zoning, utilities, development requirements, financing terms, and intended use.