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$217,500

NAL Estimated Property Value

12016 SH 149, Longview, TX, 75603

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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.

Investor Tools

Property Icon
$217,500
Estimated Property Value
$0Estimated Mortgage Balance
$217,500Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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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
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Longview

12016 SH 149 | Property Details | No Agent List