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    1403 Clearwood Dr Longview, TX 75604

    Sponsored
    For Lease
    $18 SF/Yr ($3,219 /Mo)

    Prime East Texas Commercial Property

    Lot size:
    2,146 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A commercial property, located at 1403 Clearwood Dr, Longview, TX 75604, presents a unique investment opportunity. The 2,146 square foot building sits on a 0.46-acre lot and boasts a prime location at the corner of Gilmer Rd and Clearwood Dr, a major thoroughfare (Hwy 300). Built in 2010 and renovated in 2017, this single-tenant property is currently configured as a restaurant but offers versatile potential for creative office space, retail, or continued restaurant use. The property features a spacious open seating area, a fully equipped kitchen with grease trap, vent hood, commercial ovens, fryer, and stoves (available with or without equipment), a private office, two restrooms, and a water closet. The property's existing infrastructure makes it ideal for a variety of uses. Gregg County taxes are $2.90 per square foot. The current tenant plans to operate until the property is sold or leased. This freestanding building offers excellent visibility and accessibility, making it an attractive option for businesses seeking a high-profile location in the Longview, Tyler, Texarkana, Nacogdoches submarket cluster of East Texas. The property's adaptable layout and existing restaurant infrastructure provide a significant advantage for a quick and efficient transition to a new business.

    Property Features for 1403 Clearwood Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,146 SF
    Class
    A
    Total Rate
    3219

    Building Details

    Year Built/Renovated
    2010/2017
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,146 SF
    Rate per SF
    $25

    HighLights

    • Rare 2nd‑generation restaurant space available.
    • Suitable for office or retail use.
    • Freestanding 2,146 SF building on a corner lot.
    • Located on Gilmer Rd (Hwy 300), a major thoroughfare.
    • Existing restaurant equipment available.
    • Grease trap and vent hood in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Moose Market Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.76871988
    Latitude
    32.51026334

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    FAQs

    What type of property is this?
    Restaurant - Prime East Texas Commercial Property
    Where is this restaurant located?
    The property is located at 1403 Clearwood Dr Longview, TX.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Rare 2nd-generation restaurant space available.; Suitable for office or retail use.; Freestanding 2,146 SF building on a corner lot.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1403 Clearwood Dr Longview, TX 75604
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