Obstacle Warrior Building & Land
Retail-Commercial
for Sale
Catylist Listing ID: |
30672937 |
Property Subtypes: |
Free-Standing Building
|
Building Size (RSF): |
19,000 SF
|
Gross Land Area: |
2.73 Acres
|
Sale Price: |
$2,750,000 |
Unit Price: |
$144.74 PSF |
Property Use Type: |
Investment, Vacant/Owner-User |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
3/19/2021 |
Overview / Comments
South Lubbock Retail Building with 19,000 SF & 1.22 Acre Lot For Sale! Former Obstacle Warrior Kids Location features C3 Zoned Retail Space (free-span) less than 1 mile to the new Loop 88 in South Lubbock. This property also includes 1.22 Acre Lot adjacent to building with hard corner access from 116th
Street & Indiana Ave on the South East Corner. Property is contiguous to 2 other properties also for sale, allowing for larger commercial development. Rapidly growing in rooftops & commercial development, South Lubbock is home to the highest household income, traffic counts and retail lease rates. Perfect for owner operator or investor.
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Financials
Finance Data Year |
2021 |
Real Estate Taxes - Annual($) |
$22,000 (Annual) |
Gross Operating Income |
$228,000 (Annual) |
Net Operating Income |
$192,000 (Annual) |
Actual or Proforma Year |
Proforma |
Current Tenants
Tenant Business Name |
Antique Store |
Industry Type |
Retail Trade |
Is Renting? |
Yes |
Annual Revenue |
$228,000 (Annual) |
SF of Space Occupied |
19,000 SF |
Lease Expiration |
2/0008 |
Escalations |
none |
Additional Details
Nearest MSA: |
Lubbock |
County: |
Lubbock |
Tax ID/APN: |
R77324 |
Zoning: |
C3 |
Retail Clientele: |
General |
Property Located Between: |
114th St & FM 1585 on Indiana Ave |
Property Visibility: |
Excellent |
Largest Nearby Street: |
Indiana Ave |
Feet of Frontage: |
340 |
Highway Access: |
Less than 1 mile to FM 1585 (Loop 88) |
Airports: |
Lubbock International Airport |
Total Number of Buildings: |
1 |
Number of Stories: |
1 |
Property Condition: |
Excellent |
Year Built: |
2003 |
Construction/Siding: |
Metal Siding, Steel Frame |
Total Parking Spaces: |
107 |
Parking Ratio: |
5.5 (per 1000 SF) |
Parking Type: |
Surface |
Sprinklers: |
Wet |
Heat Type: |
Natural Gas |
Heat Source: |
Central |
Air Conditioning: |
Engineered System |
Zoning Description: |
C3 Zoning ideal for fitness/health. Both vacant lot at 11601 Indiana & Building at 11703 Indiana Ave zoned the same.
|
Water Service: |
Municipal |
Sewer Type: |
Municipal |
Easements Description: |
only easement is on the property to the east. |
Legal Description: |
SPEEDY ACRES L 2 LESS N10' & E153'
SPEEDY ACRES L 1 LESS E153' & N10' OF 2
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Demographic Statistics
Proximity: |
1 mile |
3 miles |
5 miles |
Total Population: |
3,133 |
50,381 |
125,902 |
Median Age: |
37.61 |
38.32 |
34.91 |
Households: |
1,225 |
20,459 |
50,194 |
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