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For sale
Turn key restaurants
TX
Kilgore
75662
3212 Interstate 20 Service Rd E

Interstate 20 Commercial Property

3212 Interstate 20 Service Rd E, Kilgore, TX 75662

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For Sale

$230,000

Versatile commercial property with high visibility and on-site living.

Property size:

1,038 SF

Lot size:

1.99 Acres

Price / SF:

$221/SF

HighLights

High visibility location directly off Interstate 20 (Joy Wright Mountain Exit 579).
Fully equipped 435 sq. ft. takeout barbecue business ready to operate.
Versatile 1,038 sq. ft. main building suitable for retail.
Features a cozy 448 sq. ft. residential quarters (1 bed/1 bath) for on‑site living.
Substantial storage space (over 750 sq. ft.) and covered parking.
Nearly 2 acres of land provides ample space for expansion.

We can help!

Listing Contact

Jennifer Phillips

Learn more

For Sale

$230,000

Versatile commercial property with high visibility and on-site living.

Property size:

1,038 SF

Lot size:

1.99 Acres

Price / SF:

$221/SF

Added:: Jan 27, 2025
Days on Market:: 508
Last Refresh:: Apr 5 at 8:22 pm

Property Features for 3212 Interstate 20 Service Rd E

General Information

Standard status: Active
Size: 1,038 SF
Lot size: 1.99 Acres

We can help!

Listing Contact

Jennifer Phillips

Listing agent Jennifer Phillips License #0654033

Listing office Texas Lane Realty

Listing date Jan 27, 2025

Source Exprealty

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 Texas Lane Realty

HighLights

High visibility location directly off Interstate 20 (Joy Wright Mountain Exit 579).
Fully equipped 435 sq. ft. takeout barbecue business ready to operate.
Versatile 1,038 sq. ft. main building suitable for retail.
Features a cozy 448 sq. ft. residential quarters (1 bed/1 bath) for on‑site living.
Substantial storage space (over 750 sq. ft.) and covered parking.
Nearly 2 acres of land provides ample space for expansion.

Overview

This commercial property is located off Interstate 20 at the Joy Wright Mountain Exit 579. The main building, comprising 1,038 square feet, includes a store area, laundry facilities, a kitchen, and separate restrooms. A new roof was installed on the main building in 2022. Additionally, there is a 435-square-foot finished building equipped as a takeout barbecue business, complete with restaurant equipment and signage. The property also features a 448-square-foot residential quarters with one bedroom, one bathroom, a living area, and a kitchen. Over 750 square feet is dedicated to storage, along with covered parking, including RV and boat cover. Situated on nearly 2 acres, the property offers space for expansion. The main building was previously being set up as an antique store, and the antiques currently on-site are included in the sale. The property's location provides visual exposure from the interstate, making it suitable for attracting customers. It is also located near the Red Devil truck wash.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$25.9k	$24.96
− Vacancy	−$1.7k	−$1.60
EGI	$24.3k	$23.36
− OpEx	−$6.1k	−$5.84
NOI	$18.2k	$17.52

1,038 SF · lease $24.96/SF/yr · vacancy 6.40% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$259.8K

$227.4K – $303.1K (±1% cap)

NOI $18,188 @ 7.0% cap · market cap 7.91%

Second Best

Office B

$248.0K

$217.0K – $289.4K (±1% cap)

NOI $17,363 @ 7.0% cap · market cap 7.55%

Theoretical Best

Hotel Hospitality

$781.8K

$684.1K – $912.2K (±1% cap)

NOI $54,729 @ 7.0% cap · market cap 23.80%

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

Location Intelligence

Current Use by Public Records

Turn key restaurants

Map

City: Kilgore
County: Gregg
State: Texas
Longitude: -94.8692
Latitude: 32.3769

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For sale
Turn key restaurants
TX
Kilgore
75662
3212 Interstate 20 Service Rd E

What type of property is this?

Turn key restaurant - Versatile commercial property with high visibility and on-site living.

Where is this turn key restaurant located?

The property is located at 3212 Interstate 20 Service Rd E Kilgore, TX.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: High visibility location directly off Interstate 20 (Joy Wright Mountain Exit 579).; Fully equipped 435 sq. ft. takeout barbecue business ready to operate.; Versatile 1,038 sq. ft. main building suitable for retail.