1331 19Th St Lubbock, TX 79403
- Warehouses
- 21,775 SF
- 0.82 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1331 19Th St
- Year built
- 1961
- Lot size
- 0.82 lot acres
- Property size
- 21,775 SF
- Zone code
- 38
- Property type
- Warehouses
- APN
- R65524
- APU
- R65524
Description
This exceptional 36,655-square-foot distribution warehouse in Lubbock, Texas, presents a compelling investment opportunity at an asking price of $525,000. Situated on a 1.86-acre lot, this industrial property is zoned Heavy Commercial (HC), offering significant flexibility for various uses. The building boasts four distinct warehouse sections and a substantial office area, catering to diverse operational needs. Convenient access is provided by a dock-high loading area on the south/southwest end and two grade-level doors leading to a fenced stack lot on the east side. Ample off-street parking is available for both employees and customers. The property features high ceilings, enhancing storage and operational efficiency. While the roof requires replacement, this presents a unique opportunity for the buyer to customize the roofing system to their specific requirements. The reduced asking price reflects the need for roof replacement, allowing for significant cost savings and customization. This prime location in Lubbock, Texas, at 1331 E 19th St, zip code 79403, offers excellent accessibility and visibility. Don't miss this chance to acquire a well-positioned distribution center in a thriving Texas market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $695,000
- 6.5%
- $665,000
- 7%
- $640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $790,000
- Geo Method
- $735,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $880,000
- Retail
- $755,000
- Mixed-Use
- $740,000
- Hospitality
- $630,000
- Educational
- $805,000
- Residential Income
- $635,000
- Energy
- $730,000
- Income-Based Land
- $695,000
- Food Service
- $875,000
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.822
- Latitude
- 33.579
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA
