SEC of Loop 281 and Hwy 31
1.5 Acre corner lot on a fully signalized intersection fenced, stabilized w/automatic gate
Marketing description
Located at a signalized intersection of Hwy 31 and Loop 281 in Longview, TX, this property consists of 1.5 ares fenced with a 6 ft chain link security fence and a 3 barb wire topper, fully stabilized with an SB2 base. There is an 800 sf log cabin style office on slab that can be conveyed with the property. Access to the property has a large concrete apron and a large steel sliding automatic gate. This property is highly visible and has 19,525 vehicles per day on the loop 281 and 21,250 vehicles per day on Hwy 31.
Property is currently leasing yard space out to tenants and has a current NOI of $42,000.00 with the potential of $60,000.00 annually.
Investment highlights
Currently the property is being leased month to month for truck and trailer parking as well as container storage. This property would be a great tact of land for fuel and C-Store use, QSR, storage unit development, or shop/office/yard development.
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