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$217,500

12016 SH 149, Longview, TX, 75603

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Baths0 Bath

About this property

High traffic location minutes from Lake Cherokee, looking for a new business adventure. Previously starting in the 1940s, the locations has been a tire shop, bait shop, small restaurant, auto repair, wrecking yard, used car lot, small engine repair, boat shop and once was lake Cherokee grocery. There is a barn (very vintage), cinder block store building, large awning and 30x30 2 bay shop on slab featuring over 400 feet of frontage; it is 2.75 acres and very accessible. The water well once fed 3 trailer houses (concrete slabs are there), a store and bait shop—simultaneously--and never ran dry. The Lake Cherokee canal runs behind the property. It is accessible by golf cart for residents on the north side of the lake (near knox lee plant) who know their way around the woods and lake roads.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,305 /month
Positive
Cash Flow Estimate:
$435 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
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$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Longview

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12016 SH 149 | Property Details | No Agent List