501 E 42nd Street

Industrial for Sale
Catylist Listing ID: 30272175
Property Subtypes: Flex Space, Light Industrial, Warehouse/Distribution
Building Size (RSF): 24,560 SF
Gross Building Area: See Agent
Sale Price: $329,000
Unit Price: $13.40 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/28/2020

Overview / Comments

Seller is moving to a larger location to house their expanding operations and is selling this 2-building asset which includes 24,560 sq ft on approx 1.3 acres. The main building is 19,560 sq ft (approx) and features a reception area, private offices and 2 large warehouse sections. The second building is a 5,000 sq ft metal building currently being used as a machine shop, tool shop and storage area. The stack lot is fenced and property has ample parking.

Conveniently located on 42nd Street, just east of Ave A in Lubbock with quick access to all parts of the city and Lubbock Airport via I-27 and Loop 289.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R76557
Site Description: Property features main building - 19,560 SF with a parking lot facing 42nd Street. There's a fenced lot with a 5,000 SF building inside the lot.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1962
Roof Type: Flat
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,021 76,338 160,189
Median Age: 27.06 29.22 32.16
Households: 1,607 26,929 59,885


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