3502 M.l. King Jr. Blvd Lubbock, TX 79404
This exceptional 5,900-square-foot industrial property, located at 3502 MLK Blvd in Lubbock, Texas, presents a compelling investment opportunity. Situated on a one-acre lot, this vacant Class B building offers a versatile layout ideal for owner-users. The property features a 4,100-square-foot building with a spacious 1,800-square-foot shop, complemented by three offices. A fenced yard provides secure storage, while the convenient corner lot location offers easy access to Southeast Drive, 34th Street, and MLK Blvd, ensuring efficient freight deliveries. Built in 1960, this single-story structure is zoned for light manufacturing (M-1), providing flexibility for various business operations. The asking price is $425,000, translating to $72.03 per square foot. This owner-user investment opportunity boasts a net rentable area of 5,900 square feet, encompassing one unit within a two-building complex. The property's convenient location and versatile space make it an attractive option for a wide range of industrial and manufacturing businesses. The property is currently vacant, allowing for immediate occupancy and customization to suit specific business needs. The parcel number is R34036, and the property is offered with 100% ownership.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.