Spears Furniture

Retail-Commercial for Sale
Catylist Listing ID: 30401387
Property Subtypes: Free-Standing Building
Building Size (RSF): 32,927 SF
Gross Land Area: 1.64 Acres
Sale Price: $2,300,000
Unit Price: $69.85 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Spears Furniture
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/9/2019

Overview / Comments

Coldwell Banker Commercial, Capital Advisors is pleased to offer for sale or lease the former Spears Furniture building for sale in Lubbock, TX located at 7004 Salem Avenue. The property is located near the highly trafficked intersection of S Loop 289 and Quaker Avenue. The building is approximately 32,000sf and is a multi-story building that includes showroom space, warehouse area with an overhead door, and back office space. Located just off South Loop 289, the building provides easy and quick access to all parts of the city.

Property is located just off the major corridor of South Loop 289 and Quaker Avenue. Major retailers are located in close proximity including Wal-Mart, Casa Ole, Mardel, Stein Mart, and TJ Maxx. The South Plains mall is located approximately two miles from the site.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R119657
Zoning: C-2
Property Visibility: Excellent
Largest Nearby Street: Salem Avenue
Highway Access: Property is located just off the major corridor of South Loop 289 and Quaker Avenue. Major retailers are located in close proximity including Wal-Mart, Casa Ole, Mardel, Stein Mart, and TJ Maxx. The South Plains mall is located approximately two miles from the site.
Year Built: 1997
Passenger Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,499 113,137 203,563
Median Age: 38.72 34.93 32.36
Households: 6,504 47,057 79,324

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