Retail or Industrial Location for Sale with Income

Retail-Commercial for Sale
Catylist Listing ID: 30604755
Property Subtypes: Free-Standing Building
Building Size (RSF): 30,781 SF
Gross Building Area: See Agent
Gross Land Area: 1.62 Acres
Sale Price: $2,375,000
Unit Price: $77.16 PSF
Property Use Type: Investment, Business
Usable Size (USF): 22,000 SF
Sale Terms: Cash to Seller
Cap Rate: 1.26%
Last Updated: 5/7/2020

Overview / Comments

Located just east of University Ave on S Loop 289 frontage road. This building has income from one tenant and 22,000 SF vacant for an owner/user or can be leased. There are 3 overhead doors with a truck well on the south side of the building. The property fully sprinklered and is zoned C-4 and could be used for a multitude of retail and industrial uses.

22,000 SF Vacant
Excellent Signage on S Loop 289
Zoned C-4

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R70027
Zoning: C-4
Site Description: Located on the South Loop 289 Frontage road just East of University Ave.
Year Built: 1979

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,657 99,912 193,095
Median Age: 32.71 34.01 32.52
Households: 7,390 39,590 75,253

Contact

Photograph of Listing Agent

Karen Higgins, CCIM

WestMark Commercial | TCN Worldwide West Texas CIE Member
Photograph of Listing Agent

Alison Blalock, CCIM

WestMark Commercial | TCN Worldwide West Texas CIE Member
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