L'Patricia 3500 McCann Rd 29,570 SF Retail Building Longview, TX 75605 $2,150,000 ($72.71/SF) 10% Cap Rate
EXECUTIVE SUMMARY
Located within Longview Mall with mall entrance and exterior entrance.
Investment property. Formerly leased to women's and girl's retailer.
Tenant pays tax, insurance and Mall CAM.
Potential NNN Investment
74,000 square foot parking lot. Please call Agent for more details.
Loading dock and freight elevator.
Population of 189,000 within a twenty mile radius.
Investment property. Formerly leased to women's and girl's retailer.
Tenant pays tax, insurance and Mall CAM.
Potential NNN Investment
74,000 square foot parking lot. Please call Agent for more details.
Loading dock and freight elevator.
Population of 189,000 within a twenty mile radius.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
29,570 SF
Building Class
B
Year Built/Renovated
1976/2011
Price
$2,150,000
Price Per SF
$72.71
Cap Rate
10%
NOI
$215,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
2.40 AC
Zoning
B2 - General Business
Parking
234 Spaces (7.91 Spaces per 1,000 SF Leased)
Frontage
680’ on Texas 281 Loop
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
This investment property is located within Longview Mall, East Texas‘s primary shopping venue. The mall has recently undergone modern renovations and the location features a population of 189,000 within a twenty-mile radius. It was formerly leased to women's fashion retailer, L'Patricia. The space features a loading dock and freight elevator to the stockroom upstairs. There is an interior mall entrance and an exterior door leading into the 74,000 SF parking lot. Tenant pays tax, insurance, and Mall CAM. Potential NNN Investment. Please call Agent for more details
| Space | Size | Space Use | Position | Available |
| 1st Floor | 29,570 SF | Retail | - | Now |
1st Floor
| Size |
| 29,570 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 53569 | Improvements Assessment | $1,429,370 |
| Land Assessment | $313,630 | Total Assessment | $1,743,000 |
