708 SE Loop 289 - Freestanding FOR SALE


Lubbock, TX 79404
$2,200,000 USD
806-781-3875
708 SE Loop 289, Lubbock, TX for Sale
$2,200,000 USD
Freestanding - FOR SALE
1/29
null | Request Cap Rate

708 SE Loop 289
Lubbock, TX 79404


HIGHLIGHTS

  • Two warehouse complex with fenced stack yard
  • 8,300 SF constructed in 1971
  • 22,00 SF constructed in 2016
  • Compressed air lines and compressor
  • 35 tons of HVAC
  • Multiple Ground Level Overhead Doors

OVERVIEW

Quality construction industrial property with SE Loop 289 frontage. The property consists of 2 buildings. The original building was built in 1971 and has 8,300 SF with 2 offices, a break room, 2 restrooms, open warehouse space, and 2 drive-thru bays (one with a floor drain). The second building was built in 2016 and is 22,000 SF. There is an open reception area/showroom with an office and restroom as you enter the building. An overhead door and walk-thru door take you into the open warehouse space with ample 2,800 amp 3 phase electrical, compressed air run throughout, two ten-ton HVAC units, and 4 overhead doors. Both buildings are fenced and fully enclosed with parking and stack yard areas. The property is NOT in a flood zone. As of October 1, 2023, the Unified Development Code will be in effect for the City of Lubbock. The new zoning will be Light Industrial (LI) this will allow industrial uses (non-retail) that are less intensive than what can be accommodated into Heavy Industrial and that may include office, warehousing, distribution, and light assembly of parts, materials, and equipment, with operations conducted indoors without the creation of smoke, gas, odor, dust, soon or other noxious elements. (This was previously under the zoning of Manufacturing 1 (M-1) & Interstate Highway Industrial (IHI). https://ci.lubbock.tx.us/departments/planning/unified-development-code

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

LI

APN/PARCEL ID

R106483

ASK ABOUT THIS PROPERTY

Karen HigginsWestMark CommercialMore Info
806-781-3875

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Karen HigginsWestMark CommercialMore Info
806-781-3875

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