STORAGE UNIT INVESTMENT OPPORTUNITY

Special Purpose for Sale
Catylist Listing ID: 30736221
Building Status: Proposed
Building Size (RSF): 14,610 SF
Gross Building Area: See Agent
Sale Price: $1,400,000
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 6/14/2021

Overview / Comments

Opportunities galore with 3.79 Acres of land available for sale in South Lubbock just a quarter of a mile East of Milwaukee Ave. This property is located just one mile North of Future Loop 88 making it easily accessible with frontage on 114th street. New and growing businesses are expanding to this desirable part of town making it an excellent site for new developments. Approximately 93 units with acreage to expand. There is a 1,150 SF office/showroom. There is also a 1,150 SF apartment leased for six hundred dollars a month. Seller owns and leases some space to Carpet Solutions and Vintage Car Restoration. The seller is willing to lease back for at least a year on the storage units that he leases. (see rent roll below)

Located in Developing South Lubbock
Surrounded by Established Residential Neighborhoods
1 Mile from Future Loop 88
Lubbock Cooper School District

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R94206
Property Visibility: Excellent
Property Condition: Good

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 39,271 122,269
Median Age: 39.47 35.87
Households: 15,762 49,022

Contact

Photograph of Listing Agent

David Powell, CCIM

The Powell Group at Keller Williams Commercial
West Texas CIE Member
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