2201 Eastman RdLongview, TX 75602

  • Commercial real estate
  • 7,000 SF
For Sale
$399,900 View listing

Property Details for 2201 Eastman Rd

Year built
1975
Lot size
0.17 AC
Property size (Sq ft)
7,000 SF
Property type
Commercial real estate
APN
6480000679-001-00-02
APU
64800006790010002

Description

This exceptional investment opportunity presents a 7,000 square foot metal warehouse located at 2201 S Eastman Road, Longview, Texas. The property sits on a 0.16-acre lot and is currently leased to Motion Industries. The existing lease has one year remaining, providing immediate rental income of $3250 per month gross. This offers a new owner two distinct options: continue receiving this consistent monthly revenue stream or terminate the lease and occupy the building for their own business needs. The building's substantial size and metal construction suggest durability and adaptability for a wide range of commercial uses. The location in Longview, Texas, offers access to a thriving local market and convenient transportation links. This property represents a compelling investment opportunity with the potential for significant returns, whether through continued rental income or direct occupancy. The asking price is $399,900. Serious inquiries are encouraged to explore this promising commercial real estate asset. The property is zoned for general commercial use. Further details regarding the lease agreement and building specifications are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,764,523
    Hospitality
    $1,616,294
    Educational
    $1,344,737
    Medical
    $1,390,985
    Retail
    $2,091,814
2201 Eastman Rd, Longview, Texas

Location Insight

City
Longview
County
Gregg
State
Texas
Latitude
32.4676
Longitude
-94.7077
CBSA code
30980
CBSA name
LONGVIEW, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,139
$2,990
$102,060
$105,050
-
$2,990
$102,060
$105,050

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