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    1403 Clearwood Dr Longview, TX 75604

    Sponsored
    For Sale
    $495,000

    Profitable Restaurant, Retail Conversion Potential

    Property size:
    2,146 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A, freestanding retail property, located at 1403 Clearwood Dr, Longview, TX 75604, presents a unique investment opportunity. The 2,146 square foot building, constructed in 2010 and renovated in 2017, sits on a 0.46-acre corner lot at the intersection of Gilmer Rd (Hwy 300) and Clearwood Dr, a high-traffic area experiencing approximately 10,000 cars daily. Currently configured as a restaurant, the space boasts a fully equipped kitchen including a grease trap, vent hood, commercial ovens, fryer, and stoves, all of which are available for purchase with the property. The layout includes open seating, a kitchen and order area, a private office, two restrooms, and a water closet. The property is being offered at $495,000 ($230.66/sq ft) and is available as a fee simple ownership. Its versatile design allows for continued operation as a restaurant or seamless conversion to office or retail space. The building's prime location and existing infrastructure make it an ideal owner-user or investment property. The current tenant plans to operate until sale or lease. This is a rare opportunity to acquire a second-generation restaurant space with significant potential in a thriving market.

    Property Features for 1403 Clearwood Dr

    General Information

    Property type
    Restaurants
    Square Feet
    2,146 SF
    Class
    A
    Lot Size
    20,038 SF

    Building Details

    Year Built/Renovated
    2010/2017
    Buildings
    1
    Stories
    1

    HighLights

    • Rare second‑generation restaurant space available.
    • Excellent for office or retail conversion.
    • Freestanding 2,146 SF building on a corner lot.
    • High‑traffic location on Gilmer Rd (Hwy 300), with approximately 10,000 cars daily.
    • All restaurant equipment included.
    • Grease trap and vent hood installed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Moose Market Restaurant

    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
    -94.76871790651
    Latitude
    32.510354028906

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    FAQs

    What type of property is this?
    Restaurant - Profitable Restaurant, Retail Conversion Potential
    Where is this restaurant located?
    The property is located at 1403 Clearwood Dr Longview, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Rare second-generation restaurant space available.; Excellent for office or retail conversion.; Freestanding 2,146 SF building on a corner lot.
    Request Owner's contact information
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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
    1403 Clearwood Dr Longview, TX 75604
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