11703 Indiana Ave Lubbock, TX 79423
- Commercial real estate
- 19,000 SF
- 1.51 lot acres
Current Use by Public Records
- Allen Financial Agency Inc / Consultant
- Xpedition Headquarters / Camping Store / Auto Parts Store
- Antiqueology / Antique Store / Furniture Store
Property Details for 11703 Indiana Ave
- Year built
- 2003
- Lot size
- 1.51 lot acres
- Property size
- 19,000 SF
- Zone code
- 19
- Property type
- Commercial real estate
- APN
- R77324
- APU
- R77324
Description
This exceptional 19,000-square-foot retail building sits on a 2.27-acre corner lot in Lubbock, Texas, boasting high daily traffic counts and premier frontage. Located less than a mile from the new Loop 88, this property offers incredible upside potential. Currently vacant, the building features 12 offices, 5 large rooms, and 6 restrooms, with multiple entrances on both the east and west sides. Built in 2002 and renovated in 2022, it includes 95 parking spaces. The Auto-Urban Commercial zoning allows for diverse uses, from retail and auto sales to medical, educational, and entertainment ventures. The property is comprised of two contiguous tracts, totaling 2.27 acres. The asking price is $3,375,000, with a land value of $15 per square foot. This presents a unique opportunity for a single owner-user or a multi-tenant operation. The building's current configuration and zoning flexibility make it suitable for a wide range of businesses. The high-traffic location and ample parking make this a highly desirable investment. The property is ready for immediate occupancy, with an occupancy date of November 1, 2024.
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
- -101.887
- Latitude
- 33.4882
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA
