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.


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


Photograph of Listing Agent

Doug Duncan

KW Commercial West Texas CIE Member
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