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Property profile & analytics
OFF-MARKET
Warehouses

3502 M.l. King Jr. Blvd Lubbock, TX 79404

5,900 SF 1 ac lot Built 1960
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 1960
Total area 5,900 SF
Lot 1 ac (43,560 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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