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    2306 Gilmer Rd Longview, TX 75604

    For Sale
    $625,000

    .63-acre retail lot, high traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.63-acre commercial land parcel is ideally situated at 2306 Gilmer Rd in Longview, Texas, within Gregg County (zip code 75604). Zoned for retail use, this property boasts a prime location in a high-growth area of West Longview, directly benefiting from its proximity to a Walmart Supercenter. The lot offers excellent visibility and accessibility, featuring direct ingress/egress from Gilmer Road, one of the city's three highest-traffic-count roads. The property includes pylon signage opportunities, providing significant advertising potential for future businesses. Importantly, there are zero restrictions imposed by the adjacent Walmart, ensuring maximum flexibility for development. This exceptional location, combined with its high visibility and convenient access, presents a rare opportunity for investors and developers seeking a thriving retail space in a rapidly expanding market. The asking price for this remarkable property is $625,000. This is a truly unique opportunity to capitalize on the significant growth and high traffic volume in this desirable area of Longview.

    Property Features for 2306 Gilmer Rd

    General Information

    Property type
    Land
    Lot Size
    27,443 SF

    HighLights

    • $625,000 asking price for 0.63 acres of commercial land zoned for retail.
    • Located in a high‑growth area of West Longview, Texas, this property is a Walmart Supercenter shadow site.
    • Features direct Gilmer Road ingress/egress and pylon signage opportunities.
    • Boasts the third‑highest traffic counts in the city.
    • Offers zero Walmart restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Great Clips Hair Salon AT&T Store Cell Phone Store

    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
    -94.787796
    Latitude
    32.532063

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    FAQs

    What type of property is this?
    Land - .63-acre retail lot, high traffic
    Where is this land located?
    The property is located at 2306 Gilmer Rd Longview, TX.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: $625,000 asking price for 0.63 acres of commercial land zoned for retail.; Located in a high-growth area of West Longview, Texas, this property is a Walmart Supercenter shadow site.; Features direct Gilmer Road ingress/egress and pylon signage opportunities.
    Request Owner's contact information
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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
    2306 Gilmer Rd Longview, TX 75604
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