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    119 Longview St Kilgore, TX 75662

    For Sale
    $1,040,000

    High-yield retail center, fully occupied.

    Property size:
    10,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 10,150 square foot retail property, located at 119 S Longview St, Kilgore, TX 75662, presents a compelling investment opportunity. The single-story building is currently fully occupied by four tenants, generating a strong and consistent income stream. Priced at $1,040,000, this translates to a desirable price per square foot of $102.46 and a 9.00% capitalization rate. Situated in Gregg County's bustling historic downtown, the property benefits from significant daytime foot traffic, ensuring high visibility and accessibility for tenants. Ample parking is available, including a dedicated lot and convenient street parking, further enhancing the property's appeal. Recent renovations ensure the building is in excellent condition, making this a truly turnkey investment. This property offers a rare opportunity to acquire a stable, high-performing retail center in a desirable location with a proven track record of success. The property's strong tenant base and prime location make it an ideal addition to any investment portfolio. Don't miss this chance to secure a profitable and low-maintenance investment in a thriving Texas market.

    Property Features for 119 Longview St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,150 SF

    Building Details

    Stories
    1

    HighLights

    • 10,150 SF retail building at 119 S Longview St, Kilgore, TX 75622.
    • Fully occupied by four tenants, generating strong income.
    • Priced at $1,040,000, offering a $102.46/SF price and a 9.00% cap rate.
    • Located in Kilgore's historic downtown with high foot traffic and ample parking.
    • Recently renovated and in excellent condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jack Ryan's Steak ... Steak House Bitcoin ATM Kilgore ... Atm Global Graphics Commercial Printer Smoke Center ( OPEN ... Vaporizer Store

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage 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
    Kilgore
    County
    Gregg
    State
    Texas
    Longitude
    -94.87662297
    Latitude
    32.38765084

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail center, fully occupied.
    Where is this lifestyle center located?
    The property is located at 119 Longview St Kilgore, TX.
    What is the asking price?
    The asking price for this property is $1,040,000.
    What are key features of this property?
    This property features: 10,150 SF retail building at 119 S Longview St, Kilgore, TX 75622.; Fully occupied by four tenants, generating strong income.; Priced at $1,040,000, offering a $102.46/SF price and a 9.00% cap rate.
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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
    119 Longview St Kilgore, TX 75662
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