12309 County Road 2300 - Light Distribution FOR SALE


Lubbock, TX 79423
$1,426,000 USD
806-438-9116
12309 County Road 2300, Lubbock, TX for Sale
$1,426,000 USD
Light Distribution - FOR SALE
1/9
null | 9.5% Cap Rate

12309 County Road 2300
Lubbock, TX 79423


HIGHLIGHTS

  • 100% occupied multi-tenant investment property
  • Contractor shops that are high in demand in the area
  • Out-of-city limits allowing just about any tenant to open shop here
  • Above market returns for this 2023 build

OVERVIEW

12309 CR 2300 (Ave P) – Lubbock, TX 79423. 100% occupied multi-tenant investment for sale. 2023 built contractor shops. We are thrilled to present this multi-tenant investment property that is 100% occupied. Built in 2023, this stabilized investment property features nine (9) 1,250 square feet shops; each unit has a retail glass door, overhead door, and a private bathroom. Sitting on 2.548 acres, this property offers a Buyer room to add additional units or offer RV parking to increase the NOI. Located right off Interstate 27 (I-27) between 114th and 130th St (FM 1585 / Loop 88) on CR 2300 (Ave P), this property is in the middle of Lubbock’s trajectory growing southward providing super easy access to all major thoroughfares. Purchase Price: $1,426,000 NOI: $135,517 CAP Rate: 9.50% Building Square Footage: 11,250; Total Land : 2.549 Acres, 111,034 SF (has tons of room for expansion) Units: 9 units of 1,250 SF each; insulated; private bathroom in each unit; individually metered. Zoning: Out-of-city limits (no restrictions) School District: Lubbock Cooper ISD Nearest Highway: Interstate 27 and Future Loop 88

FOR SALE DETAILS

PRICE

$1,426,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

undefined, Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

Gas - Natural, Water - Well, Sewer - Septic Field

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

9

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.55

LAND SF

111,078

ZONING

Outside City Limits

APN/PARCEL ID

R162933,R162934

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.