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2002 Avenue North, Unit N Lubbock TX USA Lubbock, TX 79403

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For Sale
$4,325,000

181,800 SF industrial facility on 30 acres in Lubbock.

Property size:
181,800 SF
Lot size:
30.00 Acres

Property Features for 2002 Avenue North

General Information

Standard status
Active
Zoning
LI
Size
181,800 SF
Lot size
30.00 Acres

Building Details

Year built
1993

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Listing Contact
Derek L. Caldwell
Derek L. Caldwell
Source: Crexi

Listing Agency: Marcus & Millichap - South Bay Listing Agent: Derek L. Caldwell

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Lubbock Industrial Facility on 30 Acres

Located in Lubbock, Texas, this 181,800 square foot industrial facility is situated on 30 acres. The property, originally constructed as a manufacturing facility, features a functional layout across three buildings, making it suitable for separating manufacturing processes. It includes a multi-megawatt power supply configured with six dual-action transformers, ensuring well-distributed power to each wing of the facility. A 5-acre paved, fenced, and lit yard offers outdoor storage options. The property also has access to a rail spur. The building features metal construction with concrete stem walls, 14 to 16-foot clear heights, and clearspan production space with steel I-beam trusses. It is equipped with a high-volume city gas line, fire sprinklers, evaporative cooling, and a dust collection system. Abundant parking and excess land provide room for expansion, truck and trailer parking, or the installation of new equipment. The property is supplied with 5.2 MW of electricity within the ERCOT grid. The site is located in a mid-sized metro experiencing economic growth, with an economic base rooted in manufacturing, retail, farming, distribution, education, and healthcare. The property is suitable for owner-users and investors. The current configuration and in-place utilities provide a functional and cost-effective layout for conversion. The property offers attributes that provide functionality and attractive long-term value.
Location Intelligence

Current Use by Public Records

OHair warehouse Warehouse & Storage Smart Drop Self ... Storage Facility

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Lubbock
County
Lubbock
State
Texas
Longitude
-101.8578
Latitude
33.576413

FAQs

What type of property is this?
Manufacturing property - 181,800 SF industrial facility on 30 acres in Lubbock.
Where is this manufacturing property located?
The property is located at 2002 Avenue North, Unit N Lubbock TX USA Lubbock, TX.
What is the asking price?
The asking price for this property is $4,325,000.
What are key features of this property?
This property features: - High Potential Cap Rate: Stabilized pro forma cap rate of over 15% after a $1.4M multi-tenant conversion.; - Large Industrial Facility: 181,000 square feet on 30 acres, suitable for multi-tenant conversion or single-user operation.; - Abundant Power Supply: Multi-megawatt power supply with six dual-action transformers and access to the deregulated ERCOT grid.
More about this property
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