For Sale
$1,400,000

603 Cotton St Longview, TX 75604

High-yield warehouse, 8.57% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional commercial investment opportunity presents a rare chance to acquire a multi-tenant warehouse complex in Longview, Texas. The property boasts a total of 31,487 square feet across two buildings situated on a 6.77-acre lot. The main building, encompassing 27,104 square feet, features seven grade-level loading doors and is currently leased to AVCO Roofing, a well-established regional tenant under a new 10-year NNN lease. The secondary building, totaling 4,383 square feet, is currently vacant, offering significant potential for increased income through leasing or owner-operator use. The property is zoned for light industrial use and enjoys a prominent location at the hard corner of Cotton Street and Spur 63, providing excellent visibility and accessibility. The property's strong net operating income (NOI) of $120,000 and asking price of $1,400,000 translates to an attractive price per square foot of $44.46 and a compelling 8.57% capitalization rate. Ample parking is available, and the property includes excess acreage. This is a value-add opportunity with potential for significant returns. The property's APN is 12243. The address is 603 W Cotton St, Longview, TX 75604.

Highlights

  • Main building: 27,104 SF with 7 grade-level loading doors.
  • Secondary building: 4,383 SF.
  • AVCO Roofing, a strong regional tenant, occupies the main building under a new 10-year NNN lease.
  • Ample parking.
  • Excess acreage on the 6.77-acre lot.

Property Details for 603 Cotton St

Property type
Warehouses, Industrial properties
Square Feet
31,487 SF
Class
C
Buildings
2
Lot Size (sq. ft)
294,901 SF
Units
2

Location Insight

City
Longview
County
Gregg
State
Texas
Latitude
32.496190905093
Longitude
-94.752535295822
603 Cotton St, Longview, Texas

FAQs

What type of property is this?
Warehouse - High-yield warehouse, 8.57% cap rate.
Where is the warehouse located?
The property is located at 603 Cotton St Longview, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Main building: 27,104 SF with 7 grade-level loading doors.; Secondary building: 4,383 SF.; AVCO Roofing, a strong regional tenant, occupies the main building under a new 10-year NNN lease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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603 Cotton St
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