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