3400-3428 Interstate 27 - Retail FOR SALE


Lubbock, TX 79404
$3,495,000 USD
469-844-8034
3400-3428 Interstate 27, Lubbock, TX for Sale
$3,495,000 USD
Retail - FOR SALE
1/5
null | 8.57% Cap Rate

3400-3428 Interstate 27
Lubbock, TX 79404


HIGHLIGHTS

  • Ability to Increase Cash Flow by Leasing Remaining Vacancies
  • Staggered Remaining Lease terms with an Average Remaining Term of 3.5 Years
  • The Building Features Accessible Parking and Unparalleled Visibility to I-27 Traffic
  • Very Attractive Yield on a Core Lubbock Property
  • I-27 is an Important Transportation Artery in Lubbock and the Surrounding Region, Connecting the City to other parts of Texas and Beyond

OVERVIEW

Lubbock is a city in and near the count seat of Lubbock County, Texas. The city is located in the northeastern part of Texas, a region known historically and geographically as the Llano Estacado. Lubbock had an estimate population of 258,862 in 2019, making it the 84th-most populous city in the United States and the 11th most populous city in the state of Texas. The city is the economic center of the Lobbock Metropolitan area, which had an estimated 2020 population of 327,424.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

8.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Park Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

160

LAND DETAILS

CROSS STREETS

34th Street

LAND ACRES

-

LAND SF

-

ZONING

IHC

APN/PARCEL ID

R142201,R54563,R76666

ASK ABOUT THIS PROPERTY

Will SchubertSTRIVEMore Info
469-844-8034

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Will SchubertSTRIVEMore Info
469-844-8034

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.