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    708 Loop 289 Lubbock, TX 79404

    Sponsored
    For Sale
    $2,200,000

    30,300 SF Manufacturing Facility, Texas

    Property size:
    30,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 708 SE Loop 289 in Lubbock, Texas, offers a unique investment opportunity. The complex comprises two buildings totaling 30,300 square feet on a 1.8-acre lot. The original 8,300-square-foot structure, built in 1971, features two offices, a break room, two restrooms, open warehouse space, and two drive-thru bays—one with a floor drain. A significant renovation occurred in 2016, resulting in a second, 22,000-square-foot building. This newer addition boasts an open reception/showroom area, an office, a restroom, ample warehouse space, 2,800 amps of 3-phase electrical service, compressed air lines throughout, two ten-ton HVAC units, and four overhead doors. Both buildings are fully fenced and enclosed, providing secure parking and stack yard areas. The property benefits from a 16-foot ceiling height and is conveniently situated on SE Loop 289. The property is not located in a flood zone. Currently zoned LI (Light Industrial), permitted uses include office, warehousing, distribution, and light assembly, aligning with the City of Lubbock's Unified Development Code (effective October 1, 2023). This versatile property presents a compelling opportunity for various industrial uses. The asking price is $2,200,000 ($72.61/sq ft).

    Property Features for 708 Loop 289

    General Information

    Property type
    Manufacturing properties
    Square Feet
    30,300 SF
    Class
    A
    Lot Size
    78,408 SF

    Building Details

    Year Built/Renovated
    1971/2016
    Buildings
    2
    Stories
    1

    HighLights

    • Two‑building industrial complex with fenced yard and stack area.
    • 8,300 SF building constructed in 1971.
    • 22,000 SF building constructed in 2016.
    • Compressed air lines throughout.
    • 20 tons of HVAC capacity (two 10‑ton units).
    • Multiple ground‑level overhead doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Regency Machine, Inc Machine Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8285579
    Latitude
    33.5286679

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    FAQs

    What type of property is this?
    Manufacturing property - 30,300 SF Manufacturing Facility, Texas
    Where is this manufacturing property located?
    The property is located at 708 Loop 289 Lubbock, TX.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Two-building industrial complex with fenced yard and stack area.; 8,300 SF building constructed in 1971.; 22,000 SF building constructed in 2016.
    Request Owner's contact information
    708 Loop 289 Lubbock, TX 79404
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    Lubbock, TX 79404
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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
    708 Loop 289 Lubbock, TX 79404
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