1601 Avenue A Lubbock, TX 79401
- Industrial properties
- 200,000 SF
- 16.18 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 1601 Avenue A
- Lot size
- 16.18 lot acres
- Property size
- 200,000 SF
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
Description
This exceptional 200,000-square-foot industrial property in Lubbock, Texas, presents a compelling investment opportunity. Located on a generous 16.175-acre lot, this site is zoned GI (General Industrial), allowing for heavy manufacturing. The property boasts thirteen existing warehouses, three of which are equipped with electricity, and two with both electricity and plumbing. The remaining warehouses were previously used for grain storage. An existing office building is on-site but requires repairs. The property offers significant potential for redevelopment, enhanced by its strategic location within an Opportunity Zone, providing potential tax advantages. Convenient access is provided by gates on both Avenue A and 19th Street. Furthermore, there's potential for a rail spur connection, adding significant logistical advantages for businesses requiring rail transport. The asking price is $1,850,000, translating to $9.25 per square foot. This property's size, zoning, location, and existing infrastructure make it an ideal candidate for a variety of industrial uses. The combination of existing buildings and ample land provides flexibility for expansion or redevelopment, catering to a wide range of industrial needs. The property's address is 1601 Avenue A, Lubbock, TX 79401.
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
- -101.835
- Latitude
- 33.579
