111 Ward Dr Longview, TX 75604-5051

Property Details for 111 Ward Dr

Year built

1986

Lot size

1.76 lot acres

Property size

1,904 SF

Property type

Commercial real estate

APN

0369000403-198-01-02

APU

3690004031980102

Description

This exceptional investment opportunity presents a 0.8-acre commercial land parcel in Longview, Texas, ideally situated at 111 S Ward Dr, 75604. The property boasts 376 feet of road frontage along S Ward Dr, offering excellent visibility and accessibility. Currently improved with three buildings totaling 3,440 square feet, the property is 100% occupied, generating a strong 4.00% cap rate at an asking price of $265,000. The existing structures comprise a 1,540 sq ft building with a bathroom and two overhead doors, a 1,200 sq ft warehouse/workspace, and a 700 sq ft office with separate storage. The property is zoned for Light Industrial use. A significant portion of the land (approximately 60%) is currently underutilized, presenting a compelling opportunity for expansion and increased revenue generation. The convenient location provides easy access to major highways, making it an attractive proposition for a variety of commercial ventures. Built in 1986, this single-story property offers a blend of existing income and significant future development potential. This is a rare chance to acquire a well-located, income-producing commercial property in a thriving Texas market.