1403 Clearwood Dr, Longview, TX 75604
For Lease
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This exceptional Class A commercial property, located at 1403 Clearwood Dr, Longview, TX 75604, presents a unique investment opportunity. The 2,146 square foot building sits on a 0.46-acre lot and boasts a prime location at the corner of Gilmer Rd and Clearwood Dr, a major thoroughfare (Hwy 300). Built in 2010 and renovated in 2017, this single-tenant property is currently configured as a restaurant but offers versatile potential for creative office space, retail, or continued restaurant use. The property features a spacious open seating area, a fully equipped kitchen with grease trap, vent hood, commercial ovens, fryer, and stoves (available with or without equipment), a private office, two restrooms, and a water closet. The property's existing infrastructure makes it ideal for a variety of uses. Gregg County taxes are $2.90 per square foot. The current tenant plans to operate until the property is sold or leased. This freestanding building offers excellent visibility and accessibility, making it an attractive option for businesses seeking a high-profile location in the Longview, Tyler, Texarkana, Nacogdoches submarket cluster of East Texas. The property's adaptable layout and existing restaurant infrastructure provide a significant advantage for a quick and efficient transition to a new business.
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Moose Market Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.