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    1111 Avenue Lubbock, TX 79415

    For Sale
    $1,300,000

    7.75-Acre Industrial Property, $1.3M

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 20,000-square-foot warehouse in Lubbock, Texas, presents a compelling investment opportunity. Situated on a substantial 7.75-acre lot, this property boasts convenient rail access, a significant advantage for efficient logistics and transportation. Built in 1950, the warehouse features a brick exterior and includes approximately 1,000 square feet of office space, along with two restrooms. The property's zoning is designated M-2, allowing for a variety of industrial uses. Two dock-high loading doors facilitate easy loading and unloading of goods. The warehouse boasts a ceiling height of 10 feet, providing ample vertical space for storage and operations. The asking price is $1,300,000, translating to $65 per square foot. Water and septic systems are on-site. Its strategic location near Interstate-27 further enhances its accessibility and appeal. This property is currently vacant, offering immediate occupancy for a new owner or tenant. The combination of rail access, ample land, and proximity to major transportation routes makes this an ideal location for businesses requiring efficient freight handling and distribution. This is a rare opportunity to acquire a well-located, functional industrial property with significant potential.

    Property Features for 1111 Avenue

    General Information

    Property type
    Distribution properties
    Square Feet
    20,000 SF
    Lot Size
    337,938 SF

    Building Details

    Year Built
    1950

    HighLights

    • Direct rail access.
    • Two loading docks for efficient shipping and receiving.
    • Excellent access to I‑27 for convenient transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Nail Salon Clothing Store Gym & Fitness Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8590121
    Latitude
    33.6112606

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    FAQs

    What type of property is this?
    Distribution property - 7.75-Acre Industrial Property, $1.3M
    Where is this distribution property located?
    The property is located at 1111 Avenue Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Direct rail access.; Two loading docks for efficient shipping and receiving.; Excellent access to I-27 for convenient transportation.
    Request Owner's contact information
    1111 Avenue Lubbock, TX 79415
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    Lubbock, TX 79415
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1111 Avenue Lubbock, TX 79415
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