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    202 E State Highway 31 Kilgore, TX 75662

    For Sale
    $249,900

    Commercial - Kilgore, TX

    Days on Market:
    87
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 202 E State Highway 31

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Paved or Surfaced

    Building Details

    Year built
    1975
    Number of units
    1
    Roof type
    Metal
    Architectural style
    Other

    East Texas Preferred Properties, LLC (903) 984-0115 [email protected]

    Listing agent Brandi Willeford (903) 984-0115

    Listing date Sep 18, 2025

    MLS# 20256418 Listing URL

    Copyright © 2025 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway 31 Commercial Opportunity

    Located on Highway 31 in Kilgore, Texas, this commercial property offers high visibility and accessibility. Previously operated as a restaurant and entertainment venue, it presents a turnkey opportunity for restaurateurs and entrepreneurs. The property features a floor plan suited for a full-service restaurant, including a dining area, drive-thru, walk-in cooler, professional-grade vent-a-hood, and grease trap. It also includes a dedicated office space for administrative tasks. A sizable parking lot provides ample space for customers and employees. The property is equipped with updated HVAC systems, electrical wiring, and plumbing. The open kitchen with an expansive bar creates a welcoming atmosphere. This property is suitable for continuing its legacy as a dining and entertainment destination or for a new business venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kilgore
    County
    Gregg
    State
    Texas
    Longitude
    -94.879055
    Latitude
    32.396969

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    FAQs

    What type of property is this?
    Restaurant - Kilgore commercial property on Highway 31, formerly a restaurant.
    Where is this restaurant located?
    The property is located at 202 E State Highway 31 Kilgore, TX.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - Prime location directly on Kilgore's Highway 31 with high traffic flow and excellent visibility.; - Turnkey opportunity for a restaurant or entertainment venue, previously a successful restaurant and entertainment spot.; - Equipped with essential restaurant infrastructure: dining area, drive-thru, walk-in cooler, professional grade vent-a-hood, and grease trap.
    (903) 984-0115
    Request Owner's contact information
    202 E State Highway 31 Kilgore, TX 75662
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    Kilgore, TX 75662
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202 E State Highway 31 Kilgore, TX 75662
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