12011 Indiana Ave - Storefront FOR SALE


Lubbock, TX 79423
$1,695,000 USD
806-438-9116
12011 Indiana Ave, Lubbock, TX for Sale
$1,695,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

12011 Indiana Ave
Lubbock, TX 79423


HIGHLIGHTS

  • Includes a 6,400 Shopping Center and a 7,000 SF office / warehouse pad in the rear
  • Built with 4 electric vehicle (EV) level 3 hookups
  • Has two grease traps (one is 1,000 gallon and one is 1,500 gallon) at the end caps

OVERVIEW

2024 Built Multi-tenant Shopping Center in South Lubbock Price: $1,695,000 Consists of a 6,400 SF (currently 50% occupied) shopping center and a 7,000 SF pad site in the rear Land Size: 1.194 acres (52,010 SF) Pro-Forma NOI: $153,604. Currently 50% occupied offering incredible upside (3,200 contiguous SF available) 2024 built shopping center includes a 6,400 SF building, a large parking lot, and a 7,000 SF rear pad site. Located in an affluent area between 114th St. and 130th St. (future Loop 88) close to a middle school, United Supermarkets (part of Albertsons group), McDonald’s, HEB, Walmart, and many more commercial businesses. Currently 50% occupied, offering the perfect opportunity for another investor group or a user who is looking for ~ 3,200 SF. Vehicles-per-day: 17,862 (TXDOT 2022) (increasing everyday)

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

HC

APN/PARCEL ID

R301565

ASK ABOUT THIS PROPERTY

Rohit MitleyMitleyMore Info
806-438-9116

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Rohit MitleyMitleyMore Info
806-438-9116

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