116 South St Longview, TX 75601
This exceptional, owner-occupied, 14,700 square foot mixed-use property is situated on a 0.22-acre lot at 116 E South St, Longview, TX 75601. Currently operating as a thriving, luxury full-service medical spa, this turnkey business offers a diverse range of services including skin rejuvenation, laser treatments, facials, pedicures, Botox, IV therapy, derma-peels, massage therapy, and Vichy showers. The spa boasts state-of-the-art equipment and significant growth potential, further enhanced by the inclusion of a planned massage therapy school. The property's prime location in the heart of Longview's downtown area ensures high visibility and accessibility. The asking price for this single-tenancy storefront is $2,500,000. This presents a unique opportunity for an investor to acquire a profitable, established business with expansion possibilities in a vibrant Texas market. The immaculate condition of the facility and its established reputation contribute to its strong financial performance. This is an ideal investment for those seeking a high-return opportunity in the growing wellness industry. The property's mixed-use zoning allows for flexibility and potential future development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.