340 Tyler StLongview, TX 75601
- Commercial real estate
- 24,428 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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