603 Cotton StLongview, TX 75604

Property Details for 603 Cotton St

Year built

1974

Lot size

6.77 AC

Property size (Sq ft)

26,264 SF

Property type

Commercial real estate

APN

0057003400-006-00-02

APU

570034000060002

Description

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.

Location Insight

City

Longview

County

Gregg

State

Texas

Latitude

32.4969

Longitude

-94.7527

CBSA code

30980

CBSA name

LONGVIEW, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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