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Mixed-Use

Kress Building & Lofts

115 E Tyler St, Longview, TX 75601

Listing Price: $2,950,000

Cap Rate
6.00%
Number of Units
7
Occupancy
100.0%
Price/Unit
$421,429
Price/Gross SF
$196.67
Gross SF
15,000

Investment Overview

The Kress Building and Lofts is a mixed-use property comprised of seven loft apartments and two retail spaces. Located in Historic Downtown Longview, Texas, the property encompasses 15,000 square feet, and is within walking distance of local business, retail, restaurants and museums including Longview World of Wonders, Museum of Fine Arts, Oil Horse Brewery, Silver Grizzly Espresso, and JT Smith Sculpture Garden. The second floor lofts offer an open ?oor plan with maple hardwood ?ooring, granite counter tops, stainless hardware, exposed brick walls, and energy ef?cient appliances including washer and dryer. Additionally, the property features two ground floor retail spaces with great visibility and frontage along Tyler Street. The existing businesses, Blue Pearl Oyster Bar and Sugar Sugar Haus, offer diverse services to a growing live, work, and play community. Given the recent revitalization efforts and economic expansion with Dollar General Distribution Center and Gap, Inc. Customer Service Center, Longview is poised for substantial growth and exceptional returns. The Kress Building and Lofts is offered for All Cash, providing an excellent opportunity to take advantage of historically low interest rates.

Investment Highlights

  • CONVENIENT LOCATION & ACCESSIBILITY
  • STRONG DEMOGRAPHICS & GROWTH
  • DESIRABLE ACCOMODATIONS & MARKET DEMAND
  • ADDITIONAL INCOME & VALUE GENERATORS
  • QUALIFIED OPPORTUNITY ZONE

Exclusively Listed By

Financing By

Listing Price: $2,950,000

Cap Rate
6.00%
Number of Units
7
Occupancy
100.0%
Price/Unit
$421,429
Price/Gross SF
$196.67
Gross SF
15,000

Investment Highlights

  • CONVENIENT LOCATION & ACCESSIBILITY
  • STRONG DEMOGRAPHICS & GROWTH
  • DESIRABLE ACCOMODATIONS & MARKET DEMAND
  • ADDITIONAL INCOME & VALUE GENERATORS
  • QUALIFIED OPPORTUNITY ZONE

Investment Overview

The Kress Building and Lofts is a mixed-use property comprised of seven loft apartments and two retail spaces. Located in Historic Downtown Longview, Texas, the property encompasses 15,000 square feet, and is within walking distance of local business, retail, restaurants and museums including Longview World of Wonders, Museum of Fine Arts, Oil Horse Brewery, Silver Grizzly Espresso, and JT Smith Sculpture Garden. The second floor lofts offer an open ?oor plan with maple hardwood ?ooring, granite counter tops, stainless hardware, exposed brick walls, and energy ef?cient appliances including washer and dryer. Additionally, the property features two ground floor retail spaces with great visibility and frontage along Tyler Street. The existing businesses, Blue Pearl Oyster Bar and Sugar Sugar Haus, offer diverse services to a growing live, work, and play community. Given the recent revitalization efforts and economic expansion with Dollar General Distribution Center and Gap, Inc. Customer Service Center, Longview is poised for substantial growth and exceptional returns. The Kress Building and Lofts is offered for All Cash, providing an excellent opportunity to take advantage of historically low interest rates.

Exclusively Listed By

Financing By

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