Catylist ID: #30361923
Industrial Location in Opportunity Zone
Industrial for Sale
|Catylist Listing ID:||30361923|
|Property Subtypes:||Mixed Use|
|Building Size (RSF):||12,948 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||37,380 SF|
|Unit Price:||$42.48 PSF|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller, Owner Financing|
Overview / Comments
Sale includes improvements. Five buildings with a total of 12,948 SF and land size with separate lots of 37,370 SF. Current uses as a automobile repair and auto sales lot. Allowed uses in the M-1 zoning district. City alley divides lots. Property is within the 100 year flood zone. Paved city streets surround the property on all sides with TxDot easement on the south.
> NE quad of MSF and Ave. Q. Frontage Hwy 62/82 intersection interchange.
> One mile from Texas Tech University. Population 38,246 students.
> North of the Central Business District, Civic Center and Buddy Holly Arts Center. Surrounding area includes, banks, hotels, restaurants and Super Walmart.
> Student Housing District in Overton North with a rental population of approximately 3,000.
> Lot 1: Subtype - Industrial; 17,700 SF; Two lots separated by alley. Ave Q frontage is 4,950 sf is a vacant lot with asphalt parking. The Paris frontage is 12,750 sf has Office/ auto repair garages.
> Lot 2: Subtype - Retail; 1,980 SF; One lot fronts Ave. Q with improvement. Auto repair garage unit with one office.
> Lot 3: Subtype - Retail; 4,950 SF; One lot fronts Ave. Q with improvements. Two auto repair garage units.
> Lot 4: Subtype - Industrial; 12,750 SF; Property fronts Paris Ave. with visibility on Marsha Sharp Fwy frontage. Current use is 28 storage units with office.
Attachments & Media
|Finance Data Year||2019|
|Real Estate Taxes - Annual($)||$6,414 (Annual)|
|Lender Name||Owner Finance: IR subject to review of buyer's credit|
|Amortization Period||15 yr; 5 yr call|
|Zoning:||IHC AND M-1|
|Property Located Between:||Avenue Q and Paris Avenue|
|Highway Access:||Marsha Sharp Freeway|
|Total Number of Buildings:||5|
|Zoning Description:||IHC Intersate Highway Commercial and M-1 Light Manufacturing|
|In Flood Plain?:||Yes|
|Easements Description:||Alley runs north and south. TxDot property on south frontage road.|
|Proximity:||1 mile||3 miles||5 miles|
Kirk A. Schneider, CCIMWestMark Commercial West Texas CIE Member
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