4802-4816 Avenue Q - Freestanding FOR SALE


Lubbock, TX 79412- Clapp Park
$725,000 USD
4802-4816 Avenue Q, Lubbock, TX for Sale
$725,000 USD
Freestanding - FOR SALE
1/28
null | 7.42% Cap Rate

4802-4816 Avenue Q
Lubbock, TX 79412
Clapp Park


HIGHLIGHTS

  • 11 tenant spaces
  • High Traffic (17,960)
  • 800 - 4,000 SF spaces
  • Auto-Urban Corridor ideal for Auto Service Retail
  • Anchor Long-Standing Tenant, Rodeo Bar
  • Close Proximity to I-27

OVERVIEW

Located off 50th St and the historic Avenue Q, this multi- tenant retail strip center has space for 11 Tenants & Signage Income. There's a significant Automobile Industry presence on Ave Q. Nearby the United Grocery Store and across from Walgreens, this building comes with a 0.3 acre lot to the west and access from all sides.There's an established tenancy reputation and zoned C4 with a daily traffic count of 17,960 (2022). Incredible upside on this building as rents have remained the relatively the same for 8 years and there's a value add opportunity to remodel and raise rents.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$37 USD /SF

CAP RATE

7.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

59,921 SF

ZONING

c-4

APN/PARCEL ID

R128233

ASK ABOUT THIS PROPERTY

Doug DuncanREAL CommercialMore Info

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