402 50th St - Self-Storage Facilities FOR SALE


Lubbock, TX 79404- Harwell
$155,000 USD
806-239-0804
402 50th St, Lubbock, TX for Sale
$155,000 USD
Self-Storage Facilities - FOR SALE
1/6
null | Request Cap Rate

402 50th St
Lubbock, TX 79404
Harwell


HIGHLIGHTS

  • OH Doors
  • Multi-Unit Storgae
  • Added Billboard Income

OVERVIEW

This ±4,800 SF commercial property presents a versatile investment opportunity in one of Lubbock’s established heavy commercial zones (HC). The building contains 16 individual units, with three currently leased and generating income, along with additional revenue from a leased on-site billboard. The seller is including four adjacent vacant lots to the north, offering significant expansion or redevelopment potential. Recent exterior upgrades include fresh paint, a new fence, and gate, improving both appearance and functionality. Gas lines are available on the property, providing expanded utility options for future tenants or development. Seller financing is available with 25% down, creating an attractive entry point for investors. Estimated costs: approximately $95/month for taxes, $100/month for insurance, and $21/month for electric.

FOR SALE DETAILS

PRICE

$155,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Contractor Storage Yard

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,683 SF

ZONING

HC

APN/PARCEL ID

R78459

ASK ABOUT THIS PROPERTY

David PowellKW LubbockMore Info
806-239-0804

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David PowellKW LubbockMore Info
806-239-0804

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