Zoning: Mixed Use (Currently under agricultural exemption)
Strategic Location: Hard Corner situated off Highway FM 121 (proposed 6 lanes) and a major arterial road.
Utilities: Zoning and utilities will be provided by the seller and included as part of the contract.
Potential Uses: Ideal for various mixed-use developments, including restaurants, retail spaces, medical facilities, multi- family residences, and office spaces.
No of Shares: 70
Project Duration: 36 Months
Total Capital Raising: $3.5M
The property will be sold when the price doubles the purchase price, or after a minimum of three (3) years, whichever occurs first.
There are various options for land development and exploration after acquiring the land.
During the holding period of three years, the projected sale price per square foot is estimated between $7 to $10.
The property will be owned by a single entity, with 70 shareholders holding ownership percentages based on their respective shares
Property Entity Name: Tioga Gates Elite LP LLC
Management Entity Name: Tioga Gates Elite GP LLC
A legally binding operating partnership agreement will be drafted by an attorney to outline ownership details.
GPs will oversee the management of the property, including communications, coordination, legal structuring, negotiations, value-added initiatives, and sales. They will also hold final authority on all strategic decisions and the execution of the investment plan.