Property profile

1235 Marshall Ave Longview, TX 75604

OFF-MARKET
Commercial real estate
Property ID
US82-4050311
7,860 SF 0.4 ac lot Built 1948
Individually Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This unique 7860-square-foot commercial building in Longview, Texas, presents a remarkable investment opportunity. Situated on a 0.4-acre lot at 1235 W Marshall, the property boasts a flexible layout ideal for a variety of uses. Approximately 1800 square feet at the front are well-suited for retail, featuring two existing showrooms. The remaining 6060 square feet comprises five additional spaces, offering significant adaptability. These spaces can be combined or utilized independently as shops, retail outlets, offices, or storage areas, catering to diverse business needs. A small fenced yard and a large rear carport provide ample outdoor storage space, perfect for equipment or vehicles. The property offers convenient parking, with 12 to 15 spaces available in front and along Benny Street. The building has a rich history, having housed a restaurant, billiard room, tattoo parlor, green stamps business, and a lawn service company, demonstrating its versatility. While priced for an "as-is" sale due to roof leak damage, the back half of the roof was replaced in 2022, and the front quarter (above the showroom) is approximately seven years old. The building includes five bathrooms and multiple water meters, although only two are currently in use. This property is ready for a new owner to revitalize and capitalize on its considerable potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1948
Total area 7,860 SF
Lot 0.4 ac (17,424 SF)
APN 0369000405-054-00-02
UPID US82-4050311

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1235 Marshall Ave Longview, TX 75604-5121
Longview metro Census 502 LONGVIEW, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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