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2002 Ave S

Lubbock, TX 79411
  • $250,000
  • STATUS: Active
  • ON SITE: 212 Days
  • MLS #: 202305797
UPDATED: 28 min ago
$250,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,776
    SQFT
  • $32
    $/SQFT
Neighborhood:
201
Type:
Commercial
County:
Area:
2

School Ratings & Info

Description

Now offering an assumable loan at a 7% interest rate. Excellent opportunity for eager investors to build an empire! 44-unit self-storage facility in central Lubbock, TX near the corner of 19th St/Hwy 114 and Ave Q/Hwy 84, both main arterial roads in Lubbock, TX. All units are 10'x17' with 170 sq ft of storable space, and are drive-up accessible with roll-up overhead doors and outdoor access. 33 units are located inside the automated keypad access gate; 11 units are located outside the gates and have street access. Currently at 25% occupancy. Pro forma cap rate is 9+ percent. Current owner uses the Easy Storage Solutions (ESS) platform, and has an online presence. Located in a popular neighborhood near Texas Tech University. This is a value-add opportunity for new or seasoned investors to market the property to attract tenants for available and ready-to-rent units.

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© 2023 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-12-03T14:59:06.41.
www.mylbk.com/homes/139234377
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2002 Ave S Lubbock, TX 79411

  • Price: $250,000
  • Status: Active
  • On Site: 212 Days
  • Updated: 28 min ago
  • MLS #: 202305797
0
Beds
0
Baths
0
½ Baths
0.31
Acres
7,776
SQFT
$32
$/SQFT
Neighborhood:
201
County:
Lubbock
Area:
2
Property Description
Now offering an assumable loan at a 7% interest rate. Excellent opportunity for eager investors to build an empire! 44-unit self-storage facility in central Lubbock, TX near the corner of 19th St/Hwy 114 and Ave Q/Hwy 84, both main arterial roads in Lubbock, TX. All units are 10'x17' with 170 sq ft of storable space, and are drive-up accessible with roll-up overhead doors and outdoor access. 33 units are located inside the automated keypad access gate; 11 units are located outside the gates and have street access. Currently at 25% occupancy. Pro forma cap rate is 9+ percent. Current owner uses the Easy Storage Solutions (ESS) platform, and has an online presence. Located in a popular neighborhood near Texas Tech University. This is a value-add opportunity for new or seasoned investors to market the property to attract tenants for available and ready-to-rent units.
Exterior Features

Construction Exterior Concrete Block Foundation Details Slab Number Of Floors 1 Number Of Overhead Doors 44 Number Of Parking Spaces 0 Road Frontage All Weather Roof Metal Streets All WeatherPaved

Interior Features

Ceiling Height 0 Floor Covering Concrete

Property Features

Crops No Industrial Type Self-Storage Lot Improvements Alley PavedFenced Lot Size Source (Tax Data) Minerals Available No Miscellaneous All Weather ParkingFencedPaved Parking Occupied Yes Property Sub Type Industrial Proposed Financing CashConventional Security Deposit 0 Specific Use Yes Tax Annual Amount 2805 Utilities ElectricityAvailable Wells 0

Listing provided courtesy of Amy Baugh of Berkshire Hathaway Homeservices Premier Properties: 8066877700. Listing information © 2023 Lubbock Association of REALTORS® MLS.


© 2023 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-12-03T14:59:06.41.
 
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Lyons Realty
7021 Kewanee Building 10
Lubbock TX, 79424