For Sale
$265,000

111 Ward Dr Longview, TX 75604

High-yield Texas commercial property.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 0.8-acre commercial land parcel in Longview, Texas, ideally situated at 111 S Ward Dr, 75604. The property boasts 376 feet of road frontage along S Ward Dr, offering excellent visibility and accessibility. Currently improved with three buildings totaling 3,440 square feet, the property is 100% occupied, generating a strong 4.00% cap rate at an asking price of $265,000. The existing structures comprise a 1,540 sq ft building with a bathroom and two overhead doors, a 1,200 sq ft warehouse/workspace, and a 700 sq ft office with separate storage. The property is zoned for Light Industrial use. A significant portion of the land (approximately 60%) is currently underutilized, presenting a compelling opportunity for expansion and increased revenue generation. The convenient location provides easy access to major highways, making it an attractive proposition for a variety of commercial ventures. Built in 1986, this single-story property offers a blend of existing income and significant future development potential. This is a rare chance to acquire a well-located, income-producing commercial property in a thriving Texas market.

Highlights

  • 0.8-acre commercial land parcel in Longview, TX, at 111 S Ward Dr, 75604.
  • 376 feet of road frontage on S Ward Dr.
  • Three buildings totaling 3,440 square feet, 100% occupied, generating a 4.00% cap rate.
  • Asking price: $265,000.
  • Light Industrial zoning.
  • Significant underutilized land (approx. 60%) allows for expansion.

Property Details for 111 Ward Dr

Property type
Specialty properties, Land
Square Feet
3,440 SF
Year Built
1986
Stories
1
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Longview
County
Gregg
State
Texas
Latitude
32.5043171
Longitude
-94.7825431
111 Ward Dr, Longview, Texas

FAQs

What type of property is this?
Specialty property - High-yield Texas commercial property.
Where is the specialty property located?
The property is located at 111 Ward Dr Longview, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 0.8-acre commercial land parcel in Longview, TX, at 111 S Ward Dr, 75604.; 376 feet of road frontage on S Ward Dr.; Three buildings totaling 3,440 square feet, 100% occupied, generating a 4.00% cap rate.
How can I contact the broker?
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111 Ward Dr
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