1612-1630 Whaley St Longview, TX 75601
Property Features for 1612-1630 Whaley St
General Information
- Property type
- Distribution properties
- Square Feet
- 38,200 SF
- Class
- C
- Lot Size
- 169,710 SF
Building Details
- Year Built/Renovated
- 1980/2012
- Buildings
- 1
- Stories
- 1
- Units
- 6
Listing Agency: Landbridge Commercial Properties Listing Agent: Brian Burks
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 38,200 square foot, multi-tenant industrial property located at 1612-1630 E Whaley St, Longview, Texas, 75601. The property, situated on a 3.896-acre lot, comprises a single, one-story building constructed in 1980 and extensively renovated in 2012, 2023, and 2024. Currently boasting 100% occupancy across six units, the property is classified as Class C and operates under a Net Lease (NNN) agreement. The flexible space caters to various uses, including flex, traditional office, and warehouse tenants, all within a permitted Light Industrial zoning. The asking price is $2,625,000, translating to $79 per square foot. The property generates substantial current annual income estimated at $188,000, yielding an estimated 7.15% rate of return. Significant upside potential exists, with an estimated 40% increase in rental income achievable, potentially increasing the property value to over $3,680,000. The current average rent is $5.65 per square foot, while the average market rent is estimated at $8.00 per square foot, highlighting the considerable value and growth potential of this investment. This is a rare opportunity to acquire a well-maintained, fully occupied industrial portfolio in a thriving Texas market.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Longview
- County
- Gregg
- State
- Texas
- Longitude
- -94.714525210277
- Latitude
- 32.499814262875
Nearby Similar for Sale
FAQs
What type of property is this?
Distribution property - Multi-Tenant Flex Space, High ROI
Where is this distribution property located?
The property is located at 1612-1630 Whaley St Longview, TX.
What is the asking price?
The asking price for this property is $2,625,000.
What are key features of this property?
This property features: $2,625,000 asking price for a 38,200 SF industrial/office property in Longview, TX.; 100% occupancy with six tenants in a Net Leased (NNN) multi-tenant building.; Class C, single-story building built in 1980, renovated in 2012, 2023, and 2024.