1002 Teak ave - Industrial FOR SALE


Lubbock, TX 79403- Parkway And Cherry Point
$985,000 USD
806-777-1310
1002 Teak ave, Lubbock, TX for Sale
$985,000 USD
Industrial - FOR SALE
1/12
null | Request Cap Rate


OVERVIEW

Positioned just east of Interstate Highway 27 and downtown Lubbock, this industrial complex offers a rare opportunity to acquire over 50,000 square feet of industrial improvements on approximately 9 fenced acres with frontage along Broadway Avenue. Located within one of West Texas’ most strategic transportation corridors, the property is well-suited for manufacturing, fabrication, distribution, storage, or redevelopment opportunities. Due to its location, it potentially qualifies for East Lubbock grant money. The site features multiple industrial buildings, a dedicated office structure, crane-served manufacturing space, and substantial outdoor stack yard area designed to support heavy industrial operations. Several buildings were constructed as recently as 2006, providing a combination of functional infrastructure and long-term operational flexibility. As Lubbock continues to experience growth as a regional logistics, manufacturing, and distribution hub, properties positioned along the expanding Ports-to-Plains Corridor and Interstate 27 corridor are becoming increasingly valuable. The future Interstate 27 expansion and continued investment into the Ports-to-Plains trade route are expected to further strengthen freight mobility and regional connectivity throughout West Texas and beyond. This property also presents a compelling value-add investment opportunity for a buyer seeking a multi-tenant industrial redevelopment project with excellent access to downtown Lubbock, Interstate 27, and major transportation routes throughout the region. Call for additional information or to schedule a private tour of this exceptional industrial property in an opportunity zone.

FOR SALE DETAILS

PRICE

$985,000 USD

PRICE/SF

$25 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1002 Teak Ave

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Manufacturing, Truck Terminal, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.69

LAND SF

204,452

ZONING

-

APN/PARCEL ID

R85531

ASK ABOUT THIS PROPERTY

Dan WilliamsWilliams and Company Real EstateMore Info
806-777-1310

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Dan WilliamsWilliams and Company Real EstateMore Info
806-777-1310

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