Longview, Texas, offers a unique opportunity for investors to capitalize on the city's growing economy by purchasing Retail Properties for sale. With a population of approximately 80,000, Longview serves as a major hub city in East Texas, attracting businesses and residents alike. Retail Properties in Longview can represent a range of investments, from small, independent shops to larger, big-box stores. The city's strong infrastructure, including the East Texas Regional Airport and Interstate 20, makes it an attractive location for businesses looking to establish a presence in the region. Longview is also home to several major employers, including Eastman Chemical and Trinity Rail Group, which contribute to the city's economic stability. Additionally, the city's educational institutions, such as LeTourneau University and Kilgore College, provide a skilled workforce and attract students and faculty from across the region. The city's scenic parks, trails, and cultural attractions, including the Longview Arboretum and Nature Center, make it a desirable place to live and work. With its rich history, diverse economy, and high quality of life, Longview is an excellent choice for businesses and investors looking to establish a presence in East Texas.
Longview's Retail Properties for sale offer a range of opportunities for investors, with 16 listings available. The average price per square foot for Retail Properties in Longview is $180 USD, with an average size of 17,277 square feet. The largest Retail Property available in Longview is 40,524 square feet. In addition to Retail Properties, Longview also offers a range of other property types, including Shopping Centers, which can be found along the city's major thoroughfares, such as Interstate 20 and U.S. Highway 80. Restaurants are also a popular property type in Longview, with many establishments located in the city's downtown area. Office Properties are another option, with many buildings available in the city's central business district. Hotels are also available, catering to the city's growing tourism industry. With its diverse range of property types and strong economy, Longview is an attractive location for businesses and investors looking to establish a presence in East Texas.
What is the average cap rate for retail properties in Longview?
For investors seeking retail properties in Longview, it's essential to understand the average cap rate, which currently stands at 7.95%. To put this into perspective, a cap rate represents the rate of return on investment based on the property's income and value, and you can learn more about how it's calculated in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Longview, Texas, the location and foot traffic of a retail property significantly impact its value. For instance, properties situated near major transportation hubs like the East Texas Regional Airport and Amtrak station, or along high-traffic corridors like Interstate 20 and U.S. Highway 80, tend to command higher prices due to their accessibility and visibility, with an average price per square foot of $180 USD and an average size of 17,277 square feet.
