340 Tyler StLongview, TX 75601

  • Commercial real estate
  • 24,428 SF
For Sale
$565,000 View listing

Property Details for 340 Tyler St

Year built
1993
Lot size
1.49 AC
Property size (Sq ft)
24,428 SF
Property type
Commercial real estate
APN
0900000003-041-00-02
APU
9000000030410002

Description

This exceptional 28,214 square foot commercial/industrial flex and warehouse building is located in the heart of Downtown Longview, Texas. The property sits on a 1.49-acre fenced lot at 340 W Tyler St, Longview, TX 75601 (APN 32959), and is zoned C-2 (Heavy Commercial). Built in 1950, this two-story Class B building currently operates as a gym under a month-to-month lease. The property features one loading dock and offers significant potential for expansion due to the availability of multiple adjacent vacant lots. This net lease investment opportunity is priced at $565,000 ($20.03/sq ft). The property's prime location and substantial size make it ideal for a variety of commercial and industrial uses. The existing tenant provides immediate cash flow, while the adjacent vacant lots offer significant future development potential. This is a rare opportunity to acquire a substantial property in a thriving downtown area. Don't miss out on this chance to secure a valuable asset with strong upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,157,682
    Hospitality
    $5,640,403
    Educational
    $4,692,749
    Medical
    $4,854,140
    Retail
    $7,299,832
340 Tyler St, Longview, Texas

Location Insight

City
Longview
County
Gregg
State
Texas
Latitude
32.4977
Longitude
-94.7466
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
$9,717
$259,620
$431,540
$691,160
-
$259,620
$431,540
$691,160

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