119 Longview StKilgore, TX 75662

  • Commercial real estate
  • 0.10 AC
For Sale
$1,040,000 View listing

Property Details for 119 Longview St

Lot size
0.10 AC
Property type
Commercial real estate
APN
3760000000-007-00-04
APU
37600000000070004

Description

This exceptional 10,150 square foot retail property, located at 119 S Longview St, Kilgore, TX 75662, presents a compelling investment opportunity. The single-story building is currently fully occupied by four tenants, generating a strong and consistent income stream. Priced at $1,040,000, this translates to a desirable price per square foot of $102.46 and a 9.00% capitalization rate. Situated in Gregg County's bustling historic downtown, the property benefits from significant daytime foot traffic, ensuring high visibility and accessibility for tenants. Ample parking is available, including a dedicated lot and convenient street parking, further enhancing the property's appeal. Recent renovations ensure the building is in excellent condition, making this a truly turnkey investment. This property offers a rare opportunity to acquire a stable, high-performing retail center in a desirable location with a proven track record of success. The property's strong tenant base and prime location make it an ideal addition to any investment portfolio. Don't miss this chance to secure a profitable and low-maintenance investment in a thriving Texas market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,058,714
    Hospitality
    $969,776
    Educational
    $806,842
    Medical
    $834,591
    Retail
    $1,255,088

Location Insight

City
Kilgore
County
Gregg
State
Texas
Latitude
32.3876
Longitude
-94.8771
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
$116
$6,300
$33,060
$39,360
-
$6,300
$33,060
$39,360

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