1403 Clearwood DrLongview, TX 75604

For Sale
$495,000
Profitable Restaurant, Retail Conversion Potential

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional Class A, freestanding retail property, located at 1403 Clearwood Dr, Longview, TX 75604, presents a unique investment opportunity. The 2,146 square foot building, constructed in 2010 and renovated in 2017, sits on a 0.46-acre corner lot at the intersection of Gilmer Rd (Hwy 300) and Clearwood Dr, a high-traffic area experiencing approximately 10,000 cars daily. Currently configured as a restaurant, the space boasts a fully equipped kitchen including a grease trap, vent hood, commercial ovens, fryer, and stoves, all of which are available for purchase with the property. The layout includes open seating, a kitchen and order area, a private office, two restrooms, and a water closet. The property is being offered at $495,000 ($230.66/sq ft) and is available as a fee simple ownership. Its versatile design allows for continued operation as a restaurant or seamless conversion to office or retail space. The building's prime location and existing infrastructure make it an ideal owner-user or investment property. The current tenant plans to operate until sale or lease. This is a rare opportunity to acquire a second-generation restaurant space with significant potential in a thriving market.

Highlights

  • Rare second-generation restaurant space available.
  • Excellent for office or retail conversion.
  • Freestanding 2,146 SF building on a corner lot.
  • High-traffic location on Gilmer Rd (Hwy 300), with approximately 10,000 cars daily.
  • All restaurant equipment included.
  • Grease trap and vent hood installed.

Property Details for 1403 Clearwood Dr

Property type
Retail properties, Restaurants
Square Feet
2,146 SF
Class
A
Year Built/Renovated
2010/2017
Buildings
1
Stories
1
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Longview
County
Gregg
State
Texas
Latitude
32.510354028906
Longitude
-94.76871790651
1403 Clearwood Dr, Longview, Texas

FAQs

What type of property is this?
Retail property - Profitable Restaurant, Retail Conversion Potential
Where is the retail property located?
The property is located at 1403 Clearwood Dr Longview, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Rare second-generation restaurant space available.; Excellent for office or retail conversion.; Freestanding 2,146 SF building on a corner lot.
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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1403 Clearwood Dr
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