Stephen Pipak

NextHome Perkins Realty Group

121 Gilmer Rd, Longview, TX 75604 | Listings

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121 Gilmer Rd, Longview, TX 75604

  • $395,000
  • Year Built: 1989
  • Commercial
  • Listing #20241018

Property Description

Prime Investment Opportunity: Building with an Established Medical Professional tenant. Don't miss this exceptional opportunity to own a high-quality commercial property with a reliable tenant in high traffic location. This well-maintained building is currently leased to a reputable medical professional, ensuring a stable income stream. Rent for 2024 is $2,800 / month. Rent for 2025 and 2026 is $3,500 / month. Insurance is currently $2,850 / yr and taxes are $5,974.48 giving this a Cap Rate of 5.9% for 2024 and 7.9% for 2025 and 2026.

Listing Details

Price$395,000
Year Built1989
Property TypeCommercial
Listing #20241018
StatusActive
Listing TypeFor Sale

Exterior Features

RoofPitched Roof

Miscellaneous

MLS AreaPINE TREE ISD

Courtesy of Patrick Bartlett (License #747119), Summers Cook & Company903-387-3902

Longview Area AOR© 2024 Longview Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NextHome Perkins Realty Group.
This content last updated on 12/22/2024 3:02 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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