Retail site for Sale or Lease

Retail-Commercial for Sale
Catylist Listing ID: 30778981
Property Subtypes: Day Care Facility, Garden Center, Mixed Use, Restaurant, Street Retail, Vehicle Related
Building Size (RSF): 5,520 SF
Gross Land Area: 23,190 SF
Sale Price: $695,000
Unit Price: $125.91 PSF
Ceiling: 18 ft.
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: TBD
Usable Size (USF): 5,520 SF
Core Factor: 5,520%
Sale Terms: Cash to Seller, Purchase Money Mortgage, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

Vacant area of building is a separate building contiguous with the Cleaners drop off/pickup area. The west side of building was originally a dry cleaning plant. TCEQ monitors the location with no owner responsibility. Could be used as is as warehouse area "as is" or modified for retail or office space. Seller will consider leasing approximately 1250 Sq. Ft. to continue as a drop of/pickup station. Location is perfect location for a dollar store. Seller will consider built to suit and lease to Tenant.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Submarket Type: Suburban
Taxing Authority: Lubbock Central Appraisal District
Tax ID/APN: R55843 and R55814
Zoning: C2A
Retail Clientele: General, Family, Business
Property Located Between: Indiana Avenue and Indiana Drive on north side of 82nd Street.
Property Visibility: Excellent
Largest Nearby Street: Indiana Avenue
Feet of Frontage: 150
Traffic/Vehicle Count: 25,000
Highway Access: Building is on 82nd Street which is a 7 lane east-west city street from I27 on the east and to Marsha Sharp Freeway on the west (Wolfforth city limits)
Airports: Lubbock International Airport
Site Description: Parking in front of building and larger parking area on west side of building. Currenting using a sliding glass dorr on east side of building for drop-off and pick-up of drycleaning and laundry.
Area Description: Commercial retail on all four corners in residential area surrounding the corrner of 82nd and Indiana.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,520 SF
Property Condition: Fair
Year Built: 1979
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Painted concrete block and glass
Total Parking Spaces: 40
Parking Ratio: 7.2 (per 1000 SF)
Parking Type: Surface
Parking Description: asphalt18
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Other
Internet Access: Cable, DSL, Satellite, T1/T3, Fiber Optic
Interior Description: Portion of building is being use as a drveup station for laundr and dry cleaning drop-off and pick-up. about 3200 Sq, Ft. of the building is beeking used for storage and soft ball batting cage.
Lot Frontage: 154 feet
Lot Depth: 150 feet
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Electric Lines, Utilities
Legal Description: Melonie Park South,W63.48' OF TR W & E6.52' OF V AND W84.6' OF TR V

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,704 108,552 185,302
Median Age: 41.51 34.94 32.59
Households: 6,493 43,795 71,966


Photograph of Listing Agent

Charles Camp

Exit Realty of Lubbock
West Texas CIE Member
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