730 Co Rd Lockney, TX 79241
This vacant industrial property, located at 730 Co Rd 119, Lockney, TX 79241, presents a unique investment opportunity. The Sterley Grain Facility, built in 1950, sits on a spacious 13.66-acre lot in Floyd County. This flex/warehouse space offers a blend of concrete, steel, and flat grain storage options, boasting a substantial total capacity of 2,162,000 bushels. The facility includes two elevator legs, a convenient on-site office, and a 70-foot truck scale located near the office for efficient weighing. The property is currently vacant, providing immediate occupancy for the new owner. With its substantial storage capacity and existing infrastructure, this property is well-suited for various agricultural or industrial uses. The asking price for this turnkey operation is $350,000. The property's location in Lockney, Texas, offers access to key transportation routes and a supportive business environment. This is an exceptional opportunity to acquire a well-established grain facility with significant potential for growth and profitability. One loading dock is available for efficient handling of goods. The property's size and features make it an ideal candidate for expansion or adaptation to meet evolving business needs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.