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4212 N Frankford Avenue

Lubbock, TX 79416
  • $925,000
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: 202303694
UPDATED: 51 min ago
$925,000
  • 0
    BEDS
  • 2.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,005
    SQFT
  • $77
    $/SQFT
Neighborhood:
842
Type:
Commercial
County:
Area:
8

School Ratings & Info

Description

Great investment opportunity with 100% current occupancy in industrial leased shops. There is just over 2.03 acres and room for an additional 12 more rental units to be built to add value. The current owner is able to build out the same concept at $35/ft for the new buyer. The property currently brings in $4,250 per month. To finish out the property estimated rental would be approximately $16,000 gross rent a month. The property is less than a mile from HWY 84 and outside of the city limits. Private well is on site and the 2 end units have office space for business.

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© 2023 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-06-10T13:59:15.33.
www.taylorreid.com/homes/137860840
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4212 N Frankford Avenue Lubbock, TX 79416

  • Price: $925,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 51 min ago
  • MLS #: 202303694
0
Beds
0
Baths
0
½ Baths
2.04
Acres
12,005
SQFT
$77
$/SQFT
Neighborhood:
842
County:
Lubbock
Area:
8
Property Description
Great investment opportunity with 100% current occupancy in industrial leased shops. There is just over 2.03 acres and room for an additional 12 more rental units to be built to add value. The current owner is able to build out the same concept at $35/ft for the new buyer. The property currently brings in $4,250 per month. To finish out the property estimated rental would be approximately $16,000 gross rent a month. The property is less than a mile from HWY 84 and outside of the city limits. Private well is on site and the 2 end units have office space for business.
Exterior Features

Construction Exterior Steel Frame/Metal Foundation Details Slab Number Of Floors 0 Number Of Overhead Doors 4 Number Of Parking Spaces 0 Overhead Doors Other Roof Metal Streets Paved

Interior Features

Ceiling Height 0 Floor Covering Concrete Heating Floor Furnace Restrooms 4 Baths

Property Features

Crops No Improvements Shop Industrial Type Mixed Use Lot Size Source (Tax Data) Minerals Available No Miscellaneous Water Well Occupied Yes Property Sub Type Industrial Proposed Financing CashConventional Restrictions Easements Rd Easmnt To Proprty Security Deposit 0 Specific Use No Tax Annual Amount 0 Tenant Expenses Electric Utilities Septic Tank Vacant Land Type Industrial Wells 0

Listing provided courtesy of Kent Hebison of Keller Williams Realty: 8067717710. Listing information © 2023 Lubbock Association of REALTORS® MLS.


© 2023 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-06-10T13:59:15.33.
 
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Taylor Reid Realty
11907 Frankford Ave.
Lubbock TX, 79424