3908 N FM 2528

Industrial for Sale
Also listed as Office
Catylist Listing ID: 30420054
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 24,800 SF
Gross Land Area: 1.86 Acres
Sale Price: $1,250,000
Unit Price: $50.40 PSF
Docks/Doors: 1 Dock, 2 Doors
Office SF: 2,800 SF
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User, Business
Building Name: Richardson Seed Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/28/2020

Overview / Comments

Well maintained and visible 24,800 sq.ft. office/warehouse located on E. side of N. Frankford Avenue, about 115 yds, N. of CR 6500 (Kent Street). This property has great accessibility with approximately 200 ft. of highway frontage with 2017 TXDOT AADT 7061 during a period of construction to overpass at intersection of US 84 and FM 2528 (Frankford Ave.), 2015 AADT count prior to was 8217.

The warehouse portion of the building is open span with an excellent slab and is equipped with its on bathroom. Building Dimensions are approximately 100' X 220'. This facility is also equipped with a concrete truck loading dock. There are overhead doors on the West, North and South sides of the warehouse. The warehouse is equipped with a rear vented exhaust fan that can be utilized when necessary to assist in air circulation.

The office dimensions are 70' x 40' and is comprised of 2 executive offices, 1 boardroom, 1 other large office that has a door in it connecting it to the warehouse and 4 other small offices. The office is also equipped with a reception counter and lobby area along with a men's and ladies restroom along with a break area with sink and rear exit door that can be used to access outside entry to warehouse. There is approximately 5500 sq.ft. of asphalt parking in front of office along with approximately 10,000 sq.ft. of gravel parking lot in front of warehouse and gravel drive to loading dock.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: Lubbock County, City of Lubbock
Tax ID/APN: R69172
Property Located Between: Lubbock and Shallowater
Highway Access: FM 2528 (North Frankford Ave.) with approximately 200' of highway frontage.
Airports: Lubbock Preston Smith International (9.1 miles)
Site Description: Excellent level site with good visibility and highway frontage. Plenty of available parking for office and good room in front of warehouse to accommodate trucks loading and unloading. Good concrete truck loading dock on north side of warehouse with overhead door.
Area Description: Lubbock is know as the "Hub City" in the region and is the business center of activity for Panhandle/South Plains region of Texas. With a Carnegie "Tier One" University of Texas Tech, a strong agricultural economy, proximity to one of the fasting growing oil and gas areas (Permian Basin) in the world, this area has possibilities for continued growth and development.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 24,800 SF
Property Condition: Good
Year Built: 1996
Roof Type: Gable
Construction/Siding: Metal Siding, Steel Frame
Parking Type: Surface
Eave Height: 12
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Other
Internet Access: DSL, Fiber Optic
Lot Frontage: 200
Lot Depth: 400
Water Service: Well
Sewer Type: Septic
Easements: Water Rights
Land Ownership: yes
Legal Description: BLK JS SEC 22 AB 862 TR C8 ACS: 1.86

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 18,015 87,690
Median Age: 28.86 28.76
Households: 7,362 33,035


Photograph of Listing Agent

Monty Edwards

M. Edwards, REALTORS West Texas CIE Member
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