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2013-2015 S Mobberly Ave
Longview, TX 75602

$550,000

Storefront For Sale  •  42,000 Sq Ft

Property Details

  • Property Type Storefront
  • Total Building Size 42,000 Sq Ft
  • Building Class C
  • Year Built 1969
  • Cap Rate 10.00 %
  • Tenancy Multiple
  • Zoning C
0 Transit Score
61 Walk Score

Description

2013-2015 S. Mobberly Ave. consist of two spaces equaling 40,900 SF with 362 parking space.  Located across the street from LeTourneau University, Belcher Center and 1.8 Miles from I-20 Interchange.  Possibilities are endless.  Currently used as retail space.  Owner will consider selling retail business with all inventory in the 29,500 SF space known as Bargain Warehouse.  The 11,400 SF space was formerly Dollar General.  This space has newer roof and A/C.

Highlights

Heavy daytime traffic. Located across street from LeTourneau University and 1.8 Mi from I-20

Property Flyers

Financial Summary (Actual)

Net Operating Income: $70,566 (2018)
Cap Rate: 10.00 %
Total Expenses: $46,764

Major Tenants

Tenant SF Occupied Lease End Date
Bargain Warehouse Inc 29,500 SF

Amenities

  • Air Conditioning
  • Corner Lot
  • Tenant Controlled HVAC
  • Storage Space

Public Transportation

AirportDriveWalkDistance
Gregg County Airport 17 min - 9.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 100
Type: Surface
Included in Rent: Yes
Linda LeMay 903-736-0395 Berkshire Hathaway Home Services Miles Realty.
Linda LeMay 903-736-0395 Berkshire Hathaway Home Services Miles Realty.