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Texas Dev Site Being Sold Through Micoley.com Auction Site

12/24/14

Here’s the scoop on a prime, 12.258-acre development site that has become available in the eastern Texas in the town of Lufkin., about 120 miles north of Houston.

It is located off the U.S. 59 freeway and Loop 287, where traffic has increased in recent years, lending a much higher visibility to local businesses on Medford Drive, the area’s major thoroughfare. The land is positioned inside not only the city limits of Lufkin, but within the section of Lufkin that has experienced the majority of the area’s growth commercially.

Located at the epicenter of the region’s newer commercial, professional, and service-related industries, the property already has the following utilities available: water, sewer, gas, telephone, and cable TV. With over 12 acres of space available on the property, there are no limitations to what interested buyers can do with the land.

Lufkin was founded in 1882 and its population as of the 2010 census was just over 35,000. Several of the city’s major employers include Angelina College, Atkinson Candy Company, the Brookshire Brothers regional grocery chain, the oil pumping and power equipment manufacturer Lufkin Industries, Lufkin Independent School District, the poultry processing company Pilgrim’s Pride, Stephen F. Austin State University, and the Fortune 500 company Temple-Inland.

The property is being sold through an auction conducted by Micoley.com. It listed at $3.25 mil with an opening bid of $1.95 mil if no offer is received by the February 28, 2015 auction.

We’re told that the highly motivated sellers of this property have indicated that they plan to entertain early bids and offers. Buyers are most likely already researching this property, and coming to decisions about whether to make a purchase, so potential buyers are advised to act fast.





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