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$249,900

202 State Highway 31 E, Kilgore, TX, 75662

$324,870 ARVInfo
On MarketInfo
CommercialInfo
Baths2,760 Sq Ft
Year BuiltBuilt in 1975

Highlights

Interior

Garage AvailableGarage Available

Exterior

Lot Size13,303 sqft

Building Information

Year Built1975
Stories1
Garage Spaces8

Land Information

APN1230000000-035-00-04
SubdivisionBell
Land UseCommercial
Legal DescriptionLTS 35 & 36 BELL & LT 1B THOMAS
Census Tract010700
Assessed Land Value$26,610
Assessed Improvement Value$82,920
Assessment Year2025

About this property

Prime Commercial Property on Highway 31 in Kilgore, Texas. Welcome to an exceptional commercial property located at an ideal location for visibility and accessibility. This versatile property most recently was operated as a successful restaurant, and in years past was a local hot spot for evening entertainment, karaoke, and dancing, making it a turnkey opportunity for restaurateurs or entrepreneurs looking to capitalize on its established presence. Situated directly on Kilgore's Highway 31, this property benefits from a constant flow of traffic, providing excellent exposure and easy access for patrons. The high visibility and convenient location make it an attractive choice for a wide range of business ventures. The building boasts a generous floor plan designed to accommodate a full-service restaurant, complete with a dining area, drive-thru, walk-in cooler, professional grade vent-a-hood, grease trap and more. Included within the property is a dedicated office space, providing a convenient area on-site for administrative tasks and business operations. The property includes a sizable parking lot, providing ample space for customers and employees. The property is equipped with all necessary utilities, including updated HVAC systems, electrical wiring, and plumbing. The open kitchen with expansive bar, provides that warm and personal feeling for patrons who enjoy that home town, "Everybody knows your name" experience. Whether you're looking to continue the legacy of a popular dining and entertainment destination or seeking a strategic location for a new business endeavor, this property offers endless possibilities. Don't miss out on this prime commercial opportunity —where high traffic meets high potential.

Investor Tools

$147,712Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$324,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,499 /month
Positive
Cash Flow Estimate:
$500 /month

Interested in this property?

Brandi Willeford

East Texas Preferred Properties, LLC - Kilgore

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$236/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,289
$109,530
2025
$26,610
$82,920
$109,530
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,289
$109,530

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Austin Bank
Unknown
$152,000
No
First
Oct 25, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$147,712
N/A
0%
135%
$912/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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: Kilgore

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