5013 Clovis Rd Lubbock, TX 79416
- Warehouses
- 38,580 SF
- 3.39 lot acres
Current Use by Public Records
- Warehouses
Property Details for 5013 Clovis Rd
- Year built
- 1966
- Lot size
- 3.39 lot acres
- Property size
- 38,580 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 38,580-square-foot warehouse, situated on a generous 3.39-acre lot in Lubbock, Texas, presents a compelling investment opportunity. Located at 5013/5017 Clovis Highway, the property boasts a strategic location adjacent to the Stars & Stripes Drive-in. Built in 1966, the warehouse is zoned outside the city limits and features a fenced perimeter, accommodating mixed uses. Currently operating with multiple tenant leases (MTM), the property offers significant potential for increased rental income through re-management or conversion to single-tenant occupancy. The asking price is $1,400,000, translating to an attractive price per square foot of $35. The property's Assessed Parcel Numbers (APNs) are R151173, R67974, and R68004. This property's size, location, and potential for value enhancement make it an ideal acquisition for investors seeking a strong return on investment in the Lubbock, Texas market. The property's substantial size and flexible zoning provide ample room for expansion or adaptation to suit a variety of business needs. The existing tenant leases provide immediate cash flow, while the potential for increased rents or a single-tenant conversion offers significant upside. This is a rare opportunity to acquire a large warehouse property in a desirable location at a competitive price.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.928
- Latitude
- 33.6353
