Ransom Canyon Retail Center

Retail-Commercial for Sale
Catylist Listing ID: 30222065
Property Subtypes: Restaurant, Street Retail
Building Size (RSF): 12,600 SF
Gross Building Area: See Agent
Gross Land Area: 1.95 Acres
Sale Price: $975,000
Unit Price: $77.38 PSF
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 9/24/2021

Overview / Comments

Located on FM 3523 and Ransom Road at the entrance to the Ransom Canyon community. Approximately 5 miles east of Lubbock and less than 10 minutes from Buffalo Springs Lake.

Investment or owner-user with lease income. Three leased space. Proforma cap rate at 9%. This quality built retail center offers views of both Ransom Canyon and Buffalo Spring Lakes. Fully equipped 3,000SF restaurant with drive-thru and gas-powered brick oven. Eight- 1,200SF suites both completely finished-out and empty shell. Spacious parking. Don't miss out on this great opportunity!

Grade level doors in back of building
Two outdoor patios with seating

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R169800
Retail Clientele: Business

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Demographic Statistics

Proximity: 5 miles
Total Population: 3,900
Median Age: 42.42
Households: 1,491


Photograph of Listing Agent

David Powell, CCIM

The Powell Group at Keller Williams Commercial
West Texas CIE Member
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