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    401 Spur 63 Longview, TX 75601

    For Lease
    $13 SF/Yr ($11,635 /Mo)

    Prime Longview retail space, 2.7 acres.

    Lot size:
    10,740 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional free-standing retail or restaurant building, located at 401 N Spur 63 in Longview, Texas, presents a significant opportunity for businesses seeking a prominent location in Gregg County. The property boasts a substantial 10,740 square feet of space, currently vacant and ready for immediate occupancy. The single-tenant building sits on a generous 2.7-acre lot, providing ample space for parking, outdoor seating (if applicable to the intended use), or future expansion. Its strategic location on N Spur 63 ensures high visibility and accessibility for customers. The property's zoning allows for a variety of retail and restaurant uses, making it an ideal choice for a wide range of businesses. The building is situated in Longview, Texas, zip code 75601, offering easy access to major transportation routes and a thriving local market. With its size, location, and vacant status, this property represents a rare opportunity to establish a strong presence in a desirable commercial area. The entire 10,740 square feet is available, providing flexibility for a large-scale operation or the potential to subdivide the space. Serious inquiries are encouraged to explore the possibilities this property offers.

    Property Features for 401 Spur 63

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,740 SF
    Total Rate
    11635

    Unit(s) available at that property

    Space
    Size
    10,740 SF
    Rate per SF
    $13

    HighLights

    • Former Japanese Restaurant space available.
    • Large lot with abundant parking.
    • Excellent visibility in Longview's established retail area.
    • High traffic count: 23,398 vehicles per day (TXDOT 2022).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Safe Fest Insurance ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Dental Office Building Supply Spa & Massage Law Firm Wholesale Shop Hair Salon Auto Repair Shop 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
    -94.7506174
    Latitude
    32.5030939

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    FAQs

    What type of property is this?
    Restaurant - Prime Longview retail space, 2.7 acres.
    Where is this restaurant located?
    The property is located at 401 Spur 63 Longview, TX.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Former Japanese Restaurant space available.; Large lot with abundant parking.; Excellent visibility in Longview's established retail area.
    Request Owner's contact information
    401 Spur 63 Longview, TX 75601
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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
    401 Spur 63 Longview, TX 75601
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