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121 GILMER RD LONGVIEW, TX 75604
- Commercial / Resale (MLS)
Property Details for 121 GILMER RD, LONGVIEW, TX 75604
Features
- Lot Size: 27443
- Total Units: 1
- Stories: 100
- Roof Type: Asphalt
- Heating: Central
- Exterior Walls: Brick veneer
Facts
- Year Built: 01/01/1989
- Property ID: 864009221
- MLS Number: 20241018
- Parcel Number: 0369000404-053-03-02
- Property Type: Commercial
- County: GREGG
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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.
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Property Brokerage:
Summers Cook & Co.
1127 JUDSON ROAD
LONGVIEW
TX
75601
Copyright © 2024 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.