325 East Tyler Street & 320 East Methvin St
Spaces
Industrial | 2 spaces available | 59,450 SqFt - 64,967 SqFt
Building description
DWG Capital Group is pleased to present 320 East Methvin Street & 325 East Tyler Street, Longview, TX 75601, a superior acquisition and repositioning opportunity consisting of ±124,417 SF of industrial/office improvements plus an additional ±53,195 SF concrete lot. Formerly utilized as a corporate headquarters and industrial campus, the property is now available for lease or sale, creating a rare opportunity for investors, owner-users, relocation groups, or industrial operators to acquire a functional infill campus significantly below replacement cost.
Building 1 (±59,450 SF) is available for immediate lease-up, featuring 18-foot clear heights, dock-high loading, full sprinkler coverage, and 1,000 to 1,200 amp 277/480V three-phase service. Building 2 (±64,967 SF) is partially income-producing under existing subtenancy during master lease transition, supported by an Assignor Guarantor obligation through November 2028.
Acquisition basis approximately $75/SF against $150-$175/SF replacement cost. Pro forma stabilized rents of $6.00 to $8.00/SF NNN support , implying $10.3M to $13.7M of value at a 7.25% cap rate. 5- to 7-year future value approximately $12M to $16M at exit.
Direct I-20 access, U.S. Routes 31/80/259 convergence, 2 miles to nearest Union Pacific rail yard, and proximate to East Texas Regional Airport. Anchored by Eastman Chemical, Komatsu Mining, Trinity Industries, AAON, CHRISTUS Health, and Bridgestone.
Building highlights
- ±59,450 SF Building 1 Available for Immediate Lease | 18-Foot Clear | Dock-High Loading | Heavy Power
- ±124,417 SF Two-Building Industrial Campus on ±4.9 Acres in Downtown Longview
- Heavy Power Infrastructure with Multiple 277/480V 3-Phase Services Totaling 2,200+ Amps
- Dock-High Loading with Covered Canopy and Multiple Loading Positions
- ±53,195 SF Excess Concrete Lot and Overflow Yard for Outdoor Storage, Trailer Parking, Fleet Use, or Expansion
- Direct I-20 Access | U.S. Routes 31, 80, 259 Convergence | 2 Miles to Union Pacific Rail Yard
- Functional Layout for Manufacturing, Light Assembly, Distribution, Printing, or Flex Industrial Use
- Institutionally Maintained Brick-and-Masonry Facility Held by Ownership for Over 40 Years
- Deep East Texas Labor Pool Anchored by Eastman Chemical, Komatsu, Trinity Industries, AAON, and Bridgestone
- Asking Rents from $6.00 to $8.00 PSF NNN | Build-to-Suit and Short-Term Lease Options Considered
- Climate-Controlled Space Throughout Majority of Facility
- 100% Sprinklered Facility
- 9 Office Tenants Occupying Approximately 50% of the Office Portion of the Building
Listing Contacts
Map
Zoning
Property History
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