4th & Frankford Shopping Center for Sale
Shopping Center
for Sale
Sale Pending
| Catylist Listing ID: |
30794569 |
| Property Subtypes: |
Strip Center
|
| Status: |
Pending |
| Building Size (RSF): |
13,580 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,545,000 |
| Unit Price: |
$187.41 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/18/2022 |
Overview / Comments
The Shopping Center is located in Lubbock, TX and consists of a one-story building of 13,580 rentable square feet. The Structure currently consists of 7 Suites, 6 of which are occupied with long term leases, with a potential for 8 Suites or more. Constructed in 2000, the property is positioned in a retail location near the intersection of Frankford Ave. and 4th Street with a traffic count of 21,946 and 20,493 VPD respectively. The property further benefits from the visibility from it’s shadow anchor Walmart Supercenter and direct access to the Loop 289 Freeway, the primary freeway serving the Lubbock market.
The Property Is now being offered at below replacement cost for a significant value add potential.
|
Additional Details
| Nearest MSA: |
Lubbock |
| County: |
Lubbock |
| Tax ID/APN: |
R148265 |
| Zoning: |
C3 |
| Retail Clientele: |
General, Family, Recreation |
| Property Visibility: |
Good |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Parking Type: |
Surface |
| Total Parking Spaces: |
100 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,243 |
67,766 |
159,965 |
| Median Age: |
26.86 |
29.57 |
31.09 |
| Households: |
5,571 |
26,884 |
63,068 |
|
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