Freestanding Storefront with
For Sale
$325,000
100 E Upshur Ave, Gladewater, TX 75647
Freestanding commercial building with city utility access and an existing under-mount grease trap.
Property Size2,020 SF
Price / SF$160.89
Days on Market34
Property Features for 100 E Upshur Ave
General Information
Standard status
Active
Size
2,020 SF
Property subtype
Retail - Freestanding
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Grease Trap
Yes
Building Details
Building Size
2,020 SF
Buildings
1
Listing Agency:
Scarborough Commercial Real Estate
Listed By:
Samuel Scarborough, CCIM · License #687976
(903) 570-7366
Source:
Commercialcafe
Added: Sep 4
Changed: Sep 21
Last Checked: Oct 5 at 3:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scarborough Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2,020 SF freestanding storefront at 100 E Upshur includes a drive-through lane and city utility access. The building has supported gas station, cash store, and BBQ restaurant operations; the original fuel tanks and dispensers have been removed. A 5-gallon under-mount grease trap remains from the restaurant use, providing an existing feature for food-service repositioning.
The property is located at the intersection of Hwy 80 and Hwy 271 in Gladewater, Texas, across from Gladewater’s antique shopping district and near Skipper’s Pier. Its commercial setting and drive-through configuration provide a flexible physical platform for retail, restaurant, coffee, or service-oriented occupancy, subject to applicable approvals and use requirements.
The property is located at the intersection of Hwy 80 and Hwy 271 in Gladewater, Texas, across from Gladewater’s antique shopping district and near Skipper’s Pier. Its commercial setting and drive-through configuration provide a flexible physical platform for retail, restaurant, coffee, or service-oriented occupancy, subject to applicable approvals and use requirements.
Key Highlights
- 2,020 SF freestanding storefront building
- Drive‑through lane included
- City utility access serves the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,361
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,220
$547.2K
Cap Rate 7%
$390,871
$390.9K
Cap Rate 9%
$304,011
$304.0K
Market Conditions
NOI Build-Up for 2,020 SF
Gross rent
$41.5K $20.52/SF
− Vacancy
−$2.4K −$1.17/SF
EGI
$39.1K $19.35/SF
− OpEx
−$11.7K −$5.81/SF
NOI
$27.4K $13.55/SF
Area
Gregg County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,220
Cap Rate 7%
$390,871
Cap Rate 9%
$304,011
Alternative Uses
Best Use
Specialty Retail
$505.6K
$442.4K – $589.9K
NOI $35,394 @ 7.0% cap · market cap 10.89%
Second Best
Retail
$390.9K
$342.0K – $456.0K
NOI $27,361 @ 7.0% cap · market cap 8.42%
Theoretical Best
Hotel Hospitality
$1.52M
$1.33M – $1.78M
NOI $106,505 @ 7.0% cap · market cap 32.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75647, TX
13,485
Population
5,706
Households
2.4
Avg Household Size
40
Median Age
17%
College-Educated
85%
High-School Grad
88.6 sq mi
ZIP Area
152
Density / Sq Mi
$61,356
Median Household Income
$38,939
Median Earnings
$1,030
Median Rent
$164,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial building with city utility access and an existing under-mount grease trap.
Where is this storefront property located?
The property is located at 100 E Upshur Ave Gladewater, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,020 SF freestanding storefront building; Drive‑through lane included; City utility access serves the property
