Vacant Drive-Thru Restaurant
For Sale
Contact for pricing
2101 N Eastman Rd, Longview, TX
Turnkey restaurant in Longview, TX with high-traffic location.
Property Size2,184 SF
Lot Size0.27 Acres
Price / SF$343.41
Days on Market347
Property Features for 2101 N Eastman Rd
General Information
Standard status
Active
Size
2,184 SF
Lot size
0.27 Acres
Property subtype
RETAIL
Listing Agency:
Marcus & Millichap | Dallas
(972) 755-5200
Listed By:
John Paine · License #(S):TX:764689
(972) 755-5279
Source:
Moodyscre
Added: Nov 3, 2025
Changed: Aug 8
Last Checked: Jul 3 at 1:50PM
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 Marcus & Millichap | Dallas
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Investment Insights
Based on property information with market context.
This vacant 2,184-square-foot building, constructed in 2010, presents an owner-user opportunity for a quick-service or full-service restaurant brand. The property is in turnkey condition and priced below replacement cost. It benefits from excellent visibility and frontage exposure on Eastman Road (US-259) with over 22,400 vehicles per day, as well as Tryon Road and Eden Drive with over 4,000 vehicles per day. The location shares access with an Exxon gas station, which ranks in the top 25% of most visited locations within a 30-mile radius. Nearby retailers include Exxon, Subway, O'Reilly Auto Parts, Tacos Monterrey, and Heritage Wine & Spirits. The property is located in Longview, TX 75601.
Key Highlights
- Vacant Dairy Queen in Turnkey Condition: Ideal for owner‑user or QSR/Full‑Service brand.
- Shares Access with a High‑Traffic Exxon Gas Station (Top 25% within 30 miles).
- Excellent Visibility and Frontage on Eastman Road (22,400+ VPD).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,268
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,360
$765.4K
Cap Rate 7%
$546,686
$546.7K
Cap Rate 9%
$425,200
$425.2K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$54.5K $24.96/SF
− Vacancy
−$3.5K −$1.60/SF
EGI
$51.0K $23.36/SF
− OpEx
−$12.8K −$5.84/SF
NOI
$38.3K $17.52/SF
Area
Gregg County, TX
Vacancy
6.40%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,360
Cap Rate 7%
$546,686
Cap Rate 9%
$425,200
Alternative Uses
Best Use
Specialty Retail
$546.7K
$478.4K – $637.8K
NOI $38,268 @ 7.0% cap · market cap 5.10%
Second Best
Retail
$422.6K
$369.8K – $493.1K
NOI $29,583 @ 7.0% cap · market cap 3.94%
Theoretical Best
Hotel Hospitality
$1.65M
$1.44M – $1.92M
NOI $115,151 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Turnkey restaurant in Longview, TX with high-traffic location.
Where is this drive through restaurant located?
The property is located at 2101 N Eastman Rd Longview, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Vacant Dairy Queen in Turnkey Condition: Ideal for owner‑user or QSR/Full‑Service brand.; Shares Access with a High‑Traffic Exxon Gas Station (Top 25% within 30 miles).; Excellent Visibility and Frontage on Eastman Road (22,400+ VPD).
