Income Producing Office / Warehouse

Industrial for Sale
Catylist Listing ID: 30601245
Property Subtypes: Flex Space
Building Size (RSF): 19,720 SF
Gross Building Area: See Agent
Gross Land Area: 2.37 Acres
Sale Price: $1,450,000
Unit Price: $73.53 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2020

Overview / Comments

Well constructed cinderblock buildings were built in 1980 (313 Paris) and 1981 (307 Paris) and totally remodeled in 2008 with a new parking lot, covered parking, new restrooms, new tile floors, new paint and ceiling tiles, and stained concrete in some areas. The property sits between I-27 and Ave Q on the Marsha Sharp Freeway access road and includes the vacant land east of the building, stretching to Ave P.

Excellent location with easy access to Marsha Sharp, Loop 289 and I-27
Well-built Cinderblock Construction
Interior Remodel in 2008

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R38065
Zoning: C-4
Site Description: This well-built property sits between I-27 and Ave Q on the Marsha Sharp Freeway access road.
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Built: 1980
Year Renovated: 2008

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,321 75,875 165,432
Median Age: 27.77 28.55 31.19
Households: 4,069 26,481 62,532

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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