Drive-Through Restaurant
For Sale
$425,000
3020 S Eastman Rd, Longview, TX 75602
COMMERCIAL, Longview, TX
Property Size862 SF
Lot Size0.36 Acres
Price / SF$493.04
Days on Market373
Property Features for 3020 S Eastman Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Concrete Yard
Directions
Going South on Hwy 259 (149), property is on the Left just before I-20.
Subdivision
LGV ISD 113
Standard status
Active
Lot size
0.36 Acres
Building Details
Year built
2014
Floors in Building
1
Number of units
1
Building materials
Brick, Metal
Roof type
Flat, Metal
Listing Agency:
Julie Woods & Associate RE Firm
(903) 587-5373
Listed By:
Julie Woods
(903) 636-8465
Added: Oct 16, 2025
Changed: Oct 2
Last Checked: Oct 23 at 9:06PM
MLS# 20257098
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
This drive-through restaurant property includes a commercial building completed in 2014 on a 0.36-acre site. The improvements use brick and metal construction beneath a metal, flat roof, with parking and access suited to both drive-through and walk-up customer service.
The property is positioned along S Eastman Rd in Longview, near Interstate 20. Its configuration provides an existing restaurant-oriented building and site, while the combination of drive-through access, walk-up service, and on-site parking supports flexible customer circulation. The building’s established construction date and durable material palette offer a defined physical platform for continued restaurant use.
The property is positioned along S Eastman Rd in Longview, near Interstate 20. Its configuration provides an existing restaurant-oriented building and site, while the combination of drive-through access, walk-up service, and on-site parking supports flexible customer circulation. The building’s established construction date and durable material palette offer a defined physical platform for continued restaurant use.
Key Highlights
- 0.36‑acre site near Interstate 20
- Commercial building completed in 2014
- Drive‑through and walk‑up service configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,104
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,080
$302.1K
Cap Rate 7%
$215,771
$215.8K
Cap Rate 9%
$167,822
$167.8K
Market Conditions
NOI Build-Up for 862 SF
Gross rent
$21.5K $24.96/SF
− Vacancy
−$1.4K −$1.60/SF
EGI
$20.1K $23.36/SF
− OpEx
−$5.0K −$5.84/SF
NOI
$15.1K $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%
$302,080
Cap Rate 7%
$215,771
Cap Rate 9%
$167,822
Alternative Uses
Best Use
Specialty Retail
$215.8K
$188.8K – $251.7K
NOI $15,104 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$649.3K
$568.1K – $757.5K
NOI $45,449 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 75602, TX
22,041
Population
8,131
Households
2.7
Avg Household Size
33
Median Age
14%
College-Educated
79%
High-School Grad
51.9 sq mi
ZIP Area
425
Density / Sq Mi
$56,659
Median Household Income
$30,199
Median Earnings
$970
Median Rent
$122,700
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Brick-and-metal construction supports walk-up service with convenient Interstate 20 access.
Where is this drive through restaurant located?
The property is located at 3020 S Eastman Rd Longview, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 0.36‑acre site near Interstate 20; Commercial building completed in 2014; Drive‑through and walk‑up service configuration
