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    401 Spur 63 Longview, TX 75601

    Sponsored
    For Sale
    $1,200,000

    Established Restaurant, Ample Parking, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant building, located at 401 N Spur 63 in Longview, Texas, 75601, is offered for sale at $1,200,000. The property boasts a prime location within Longview's established retail corridor, ensuring high visibility and accessibility for potential customers. The building's previous use was as a Japanese restaurant, offering a ready-made layout and potential for a seamless transition for a similar establishment or creative repurposing. A significant advantage is the large lot size, providing ample parking for patrons and staff. This is a key feature in a high-traffic area, ensuring convenience and attracting a wider customer base. The property's location benefits from a high volume daily traffic count of 23,398 vehicles, as reported by TXDOT in 2022. The building will be available for occupancy on September 30, 2027. This presents a unique opportunity for investors and entrepreneurs seeking a well-situated commercial property with significant potential for growth and profitability in a thriving Texas market. The property is classified as retail, specifically a restaurant. This turnkey opportunity is ideal for those seeking a ready-to-go location with established infrastructure and high visibility.

    Property Features for 401 Spur 63

    General Information

    Property type
    Restaurants

    HighLights

    • $1,200,000 asking price for restaurant building at 401 N Spur 63, Longview, TX 75601.
    • Prime Longview retail corridor location with high visibility and accessibility.
    • Former Japanese restaurant; adaptable layout for similar use or repurposing.
    • Large lot with ample parking.
    • High daily traffic count (23,398 vehicles, TXDOT 2022).
    • Available September 30, 2027.
    Property Profile 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
    -94.75042883086
    Latitude
    32.503452369305

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Ample Parking, High Traffic
    Where is this restaurant located?
    The property is located at 401 Spur 63 Longview, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for restaurant building at 401 N Spur 63, Longview, TX 75601.; Prime Longview retail corridor location with high visibility and accessibility.; Former Japanese restaurant; adaptable layout for similar use or repurposing.
    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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