Red Lobster 3515 Mccann Rd 6,005 SF Retail Building Longview, TX 75605 $3,500,000 ($582.85/SF)

INVESTMENT HIGHLIGHTS

  • Legacy site location - First time available in 43 years!!
  • More retail dollars spent in this area than any other part of the Market.
  • Located on major N/S artery connecting dense rooftop areas
  • High traffic area with superb visibility.

EXECUTIVE SUMMARY

Located at 3515 McCann Road, Longview, TX, this former Red Lobster restaurant is available for sale for the first time in 43 years. Positioned on a 1.27-acre lot, this 6,005-square-foot second-generation restaurant space offers a prime location on a signalized hard corner. The property is uniquely placed in Longview's densest retail area, benefiting from high visibility and substantial traffic counts. McCann Road sees approximately 20,306 vehicles per day, while Loop 281, a major north-south arterial road, accommodates 34,036 vehicles per day, contributing to the excellent exposure this property enjoys.
This high-traffic, high-visibility location offers unparalleled retail opportunities in an area with more retail dollars spent than anywhere else in the market. The property sits amidst a significant daytime population, making it an attractive location for businesses looking to draw in local consumers. This is the only second-generation restaurant available on Loop 281, which further enhances its appeal.
The building itself was remodeled in 2012 and includes essential restaurant infrastructure such as a large freezer, cooler, vent hood, and grease trap, making it move-in ready for food service businesses. Its prominent pylon signage at the corner further increases its exposure to passing motorists. Positioned on a major north-south artery, it connects dense residential rooftop areas, ensuring consistent customer flow from surrounding neighborhoods.
With its unique combination of high traffic, retail density, and built-in restaurant facilities, this property offers an excellent sale opportunity in a prime Longview location.

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,005 SF
Building Class
B
Year Built/Renovated
1981/2015
Price
$3,500,000
Price Per SF
$582.85
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.27 AC
Zoning
GR - General Retail
Parking
93 Spaces (15.49 Spaces per 1,000 SF Leased)
Frontage
264’ on W Loop 281

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 6,005 SF
  • Restaurant
  • In-Line
  • Now

Located at 3515 McCann Road, Longview, TX, this former Red Lobster restaurant is available for lease or ground lease for the first time in 43 years. Positioned on a 1.27-acre lot, this 6,005-square-foot second-generation restaurant space offers a prime location on a signalized hard corner. The property is uniquely placed in Longview's densest retail area, benefiting from high visibility and substantial traffic counts. McCann Road sees approximately 20,306 vehicles per day, while Loop 281, a major north-south arterial road, accommodates 34,036 vehicles per day, contributing to the excellent exposure this property enjoys. This high-traffic, high-visibility location offers unparalleled retail opportunities in an area with more retail dollars spent than anywhere else in the market. The property sits amidst a significant daytime population, making it an attractive location for businesses looking to draw in local consumers. This is the only second-generation restaurant available on Loop 281, which further enhances its appeal. The building itself was remodeled in 2012 and includes essential restaurant infrastructure such as a large freezer, cooler, vent hood, and grease trap, making it move-in ready for food service businesses. Its prominent pylon signage at the corner further increases its exposure to passing motorists. Positioned on a major north-south artery, it connects dense residential rooftop areas, ensuring consistent customer flow from surrounding neighborhoods. With its unique combination of high traffic, retail density, and built-in restaurant facilities, this property offers an excellent leasing opportunity in a prime Longview location.

Space Size Space Use Position Available
1st Floor 6,005 SF Restaurant In-Line Now

1st Floor

Size
6,005 SF
Space Use
Restaurant
Position
In-Line
Available
Now

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
6,534
44,716
83,384
108,341
2029 Population
6,694
45,330
84,924
110,272
2024-2029 Projected Population Growth
2.5%
1.4%
1.9%
1.8%
Median Age
35.8
38.3
36.6
36.7
College Degree + Higher
23%
26%
22%
16%
Daytime Employees
6,386
30,130
50,304
62,283
Total Businesses
763
4,049
6,274
7,437
Average Household Income
$68,569
$82,109
$77,325
$77,428
Median Household Income
$55,319
$64,449
$61,174
$61,411
Total Consumer Spending
$75.5M
$533.1M
$914.6M
$1.2B
2024 Households
3,154
19,078
33,070
42,001
Average Home Value
$241,264
$252,673
$223,043
$222,109

NEARBY MAJOR RETAILERS

Natural Grocers
BJ's Restaurant & Brewhouse
PNC Bank
Crunch
Olive Garden
Starbucks
Albertsons
Fitness 1440
Guaranty Bank & Trust
IHOP

PROPERTY TAXES

  • Listing ID: 33273698

  • Date on Market: 9/23/2024

  • Last Updated:

  • Address: 3515 Mccann Rd, Longview, TX 75605