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    2718 Gilmer Rd Longview, TX 75604

    Sponsored
    For Lease
    $10 SF/Yr ($3,200 /Mo)

    3,750 SF Restaurant, High Traffic Area

    Lot size:
    3,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,750-square-foot commercial property, located at 2718 Gilmer Road in Longview, Texas, 75604, presents a unique investment opportunity. Previously a restaurant, this single-tenant space boasts a Class A designation, having undergone renovations in 2022. The building, constructed in 1996, features a single story with a 10-foot ceiling height and sits on a 2.92-acre lot, offering significant potential for future development. Situated on Gilmer Road, a high-traffic area with a daily count of 13,659 vehicles, the property enjoys excellent visibility and accessibility. The existing infrastructure, well-suited for restaurant operations, minimizes the need for extensive renovations. The property's zoning is General Retail, and its location benefits from a diverse mix of residential, retail, and business communities. The property taxes are $6,608.86 per square foot. This turnkey space is ideal for a variety of businesses seeking a prime location in a thriving Longview community. The property is available for sale or lease.

    Property Features for 2718 Gilmer Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,750 SF
    Class
    A
    Total Rate
    3200

    Building Details

    Year Built/Renovated
    1996/2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,750 SF
    Rate per SF
    $10

    HighLights

    • 3,750 SF single‑tenant commercial building on a 2.92‑acre lot in Longview, TX.
    • Class A, renovated in 2022, previously a restaurant.
    • High‑traffic location on Gilmer Road (13,659 VPD), excellent visibility.
    • General Retail zoning, suitable for various businesses.
    • Second‑generation restaurant space with existing infrastructure.
    • Surrounded by national credit retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.7902287
    Latitude
    32.5372835

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    FAQs

    What type of property is this?
    Restaurant - 3,750 SF Restaurant, High Traffic Area
    Where is this restaurant located?
    The property is located at 2718 Gilmer Rd Longview, TX.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 3,750 SF single-tenant commercial building on a 2.92-acre lot in Longview, TX.; Class A, renovated in 2022, previously a restaurant.; High-traffic location on Gilmer Road (13,659 VPD), excellent visibility.
    Request Owner's contact information
    2718 Gilmer Rd Longview, TX 75604
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    Longview, TX 75604
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    2718 Gilmer Rd Longview, TX 75604
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