Major sectors of the Longview economy include the East Texas Oil Field, services, technology, such as Exponential Networks, and manufacturing. In 2007, Longview added some major chain stores to its north side. The addition of Kohl's, two Starbucks, a new Target, a third Walmart supercenter on the south side, and a handful of hotels means Longview is becoming a regional hub for shopping. Keeping shoppers in Longview and away from Tyler, Dallas, and Shreveport has been an important strategy for the city. Longview was recertified as a Texas Urban Main Street City. There are 89 cities in the Texas Main Street Program, 10 of them are Urban Main Street Cities. In December 2007, Longview was awarded the "Certified Retirement Community" designation by the Texas Department of Agriculture through its "Go Texan" initiative. Longview was also included in 2007 in the "Top 100 Best Cities for Young People." Top 5 Employers of Longview: Ranking - Employer - # of Employees - Type of Business 1 - CHRISTUS Good Shepherd Medical Center - 3,200 - Medical/Hospital Services 2 - Eastman Chemical - 1,492 - Chemical 3 - Longview Independent School District - 1,205 - Public Schools 4 - Walmart - 1,150 - Retail 5 - Joy Global (formerly LeTourneau Inc.) - 1,100 - Heavy Equipment

Key Points: Longview is a Metropolitan Statistical Area (MSA) meaning it has influence on the surrounding regions

Built: 1997

Units: 1


The Property is For Sale

Asking Price: $325,000

Building Size: 4,852 SQ FT

Lot Size: 33759

Cost per Square Foot: $66.98

Cap Rate: 8.35%

NOI: $27,130.00


SVN/Hallmark & Associates LLC
2124 Alpine Road
Longview, Texas 75601
United States

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Wes Hallmark, CCIM, SIOR
806.797.2190 x202
hallmarkw@svn.com

www.hallmark-associates.com