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.

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

Contact

Photograph of Listing Agent

Doug Duncan

KW Commercial West Texas CIE Member
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