0 Pultar Road, Richmond, TX
Just Listed
17.82 Acres in a Texas Opportunity Zone: A Versatile Property with Significant Potential
Prime Investment Potential:
Situated within an Opportunity Zone, this property provides buyers with significant tax incentives that can enhance returns. Being in an Opportunity Zone means that investors can benefit from:
- Tax Deferrals: Delay paying taxes on previously realized capital gains by reinvesting them in a Qualified Opportunity Fund (QOF).
- Tax Reduction: Reduce deferred capital gains taxes after five and seven years of investment.
- Tax Exemption: New gains accrued from the property may be entirely tax-free if the investment is held for a decade or more.
Agricultural Exemption & Low Taxes:
This property also carries an agricultural exemption, resulting in a significantly reduced tax rate. Combined with the financial incentives of the Opportunity Zone, this makes the property particularly attractive for those seeking cost-effective investment opportunities.
Zoning Flexibility:
The property is zoned for both residential and commercial uses, offering unparalleled flexibility for development. Some potential uses include:
- Residential Development: Build single-family homes, townhomes, or multifamily units.
- Commercial Projects: Ideal for retail storefronts, strip centers, or community centers.
- Light Industrial Use: Perfect for light industrial activities such as distribution warehouses or auto repair shops.
What are Opportunity Zones?
Opportunity Zones are designated areas that incentivize private investment through tax benefits. Established by the U.S. government in 2017, these zones are designed to spur economic development. Investing in these regions comes with significant benefits, particularly for buyers interested in long-term returns.
Summary:
This 17.82-acre property in a Texas Opportunity Zone is a versatile investment with significant development potential. With low taxes, zoning flexibility, and financing incentives, it's a fantastic opportunity for investors and developers alike. Whether your vision is residential, commercial, or industrial, this property has the potential to bring your ideas to life.
Call 281-546-9219
Jhanvi Thakar