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    8753 Sh 149 Longview, TX 75603

    Sponsored
    For Sale
    $549,900

    Three-unit commercial building, mobile home included.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This prime commercial property, located at 8753 SH 149 in Longview, Texas, presents a unique investment opportunity. The 3,880 square foot building, formerly a TD Mart, is strategically situated at the intersection of Highways 149 and 349, offering convenient access to Lakeport and Lake Cherokee. The building is divided into three distinct units, each with its own front and rear entry doors and restroom facilities. Unit #1, a former restaurant, includes tables, chairs, stainless steel sinks, prep tables, and commercial-grade appliances. Unit #2, the former TD Mart convenience store, retains shelving, refrigerated coolers (including a walk-in unit), deli/kitchen equipment, and gas pump dispensers with an overhead canopy. Note that the underground storage tanks (USTs) were operational in 2021. An open doorway connects Unit #2 to Unit #1. Unit #3 offers approximately 15x40 feet of open space, along with a break room and storage area. A 1216 square foot mobile home, built in 1996, is included in the sale, with all utilities currently connected. This versatile property offers significant potential for various commercial uses, benefiting from its high-traffic location and existing infrastructure. The asking price is $549,900. The property is located in Gregg County, Texas, zip code 75603.

    Property Features for 8753 Sh 149

    General Information

    Property type
    Distribution properties

    HighLights

    • $549,900 asking price.
    • 3,880 square foot commercial building on 0.8 acres in Longview, TX.
    • Located at the intersection of Hwys 149/349, near Lakeport and Lake Cherokee.
    • Divided into three units, each with separate entry doors and restrooms.
    • Includes equipment from previous restaurant and convenience store uses.
    • A 1,216 square foot mobile home is also included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Longview
    County
    Gregg
    State
    Texas
    Longitude
    -94.6824477
    Latitude
    32.3957801

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    FAQs

    What type of property is this?
    Distribution property - Three-unit commercial building, mobile home included.
    Where is this distribution property located?
    The property is located at 8753 Sh 149 Longview, TX.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: $549,900 asking price.; 3,880 square foot commercial building on 0.8 acres in Longview, TX.; Located at the intersection of Hwys 149/349, near Lakeport and Lake Cherokee.
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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
    8753 Sh 149 Longview, TX 75603
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