Freestanding Retail/Restaurant Space
1403 Clearwood Dr Longview, TX 75604
For Sale
Contact for pricing
2,146 SF freestanding property suitable for retail or restaurant use.
Property Size2,146 SF
Price / SF$230.66
Days on Market876
Property Features for 1403 Clearwood Dr
General Information
- Standard status
- Active
- Size
- 2,146 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2010
Listing Agency:
JBK Enterprises
(903) 753-2350
Listed By:
John King · License #TX
Source:
Crexi
Added: Feb 29, 2024
Changed: Jul 10
Last Checked: Jul 23 at 4:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JBK Enterprises
Investment Insights
Based on property information with market context.
This 2,146 square foot freestanding property presents an opportunity for a second-generation retail or restaurant space. Formerly the Moose Market cafe, which operated for nearly 20 years, the property is available for purchase with or without existing equipment. Situated on a major thoroughfare, Gilmer Road (Highway 300), at the corner of Gilmer Road and Clearwood Drive, the location offers high visibility. The property is suitable for continued use as a restaurant, equipped with a grease trap, vent hood, commercial ovens, fryer, and stoves. Alternatively, it can be converted into office or retail space. The building features an open area for seating, a kitchen and behind-the-counter order area, a private office, two restrooms, and a water closet. The current tenant intends to continue operating the business until the property is sold.
Key Highlights
- Established restaurant space (2,146 sf) on Gilmer Rd / Hwy 300.
- Freestanding property suitable for restaurant, office, or retail use.
- Equipped with grease trap, vent hood, commercial ovens, fryer, and stoves (equipment purchase optional).
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.6k | $24.96 |
| − Vacancy | −$3.4k | −$1.60 |
| EGI | $50.1k | $23.36 |
| − OpEx | −$12.5k | −$5.84 |
| NOI | $37.6k | $17.52 |
2,146 SF · lease $24.96/SF/yr · vacancy 6.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$537.2K
$470.0K – $626.7K
NOI $37,602 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.62M
$1.41M – $1.89M
NOI $113,148 @ 7.0% cap · market cap 22.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Moose Market
Restaurant
FAQs
What type of property is this?
Restaurant - 2,146 SF freestanding property suitable for retail or restaurant use.
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: Established restaurant space (2,146 sf) on Gilmer Rd / Hwy 300.; Freestanding property suitable for restaurant, office, or retail use.; **Equipped with grease trap, vent hood, commercial ovens, fryer, and stoves (equipment purchase optional).**
