3052 Eastman RdLongview, TX 75605

  • Commercial real estate
  • 16,250 SF
For Sale
$3,500,000 View listing

Property Details for 3052 Eastman Rd

Year built
2008
Lot size
1.04 AC
Property size (Sq ft)
16,250 SF
Property type
Commercial real estate
APN
3039000001-007-00-02
APU
30390000010070002

Description

This exceptional retail investment opportunity in Longview, Texas, presents a compelling case for immediate acquisition. Located on a major thoroughfare at 3052 N Eastman Road, Unit 100, this 16,250 square foot center sits on a 2.01-acre lot, providing ample space and visibility. Currently boasting a remarkable 93% occupancy rate, the property generates a consistent income stream thanks to a diverse tenant mix featuring both established national brands and popular local businesses. Long-term leases with these tenants minimize turnover and ensure financial stability for the investor. The property's strategic location ensures high traffic counts, maximizing exposure for all tenants. Ample parking is available for customer convenience, and the attractive storefronts enhance the overall shopping experience. This vibrant retail center caters to a broad demographic, creating a strong and sustainable revenue model. The asking price of $3,500,000 reflects the exceptional value and potential for future growth inherent in this prime retail location. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving Texas market. The property's strong occupancy, diverse tenant base, and prime location make it an ideal investment for discerning buyers seeking stable returns and long-term appreciation.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,096,214
    Hospitality
    $3,752,110
    Educational
    $3,121,712
    Medical
    $3,229,072
    Retail
    $4,855,996

Location Insight

City
Longview
County
Gregg
State
Texas
Latitude
32.5431
Longitude
-94.7251
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
$55,859
$407,910
$1,915,010
$2,322,920
-
$407,910
$1,915,010
$2,322,920

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