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
|
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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The information presented herein is provided as is, without warranty of any kind.
Neither Lubbock Association of REALTORS® nor
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