South Indiana Retail/Industrial Bldg 11703 Indiana Ave 19,550 SF Industrial Building Lubbock, TX 79423 $2,850,000 ($145.78/SF)

INVESTMENT HIGHLIGHTS

  • 114th & Indiana Ave Corridor
  • Less than 1 mile to new Loop 88
  • High Retail Development
  • Improvements include 12 offices, 6 bathrooms, partitioned spaces/entrances

EXECUTIVE SUMMARY

19,550 Square foot retail building on 2.27 acres, located in the Southern Indiana Avenue Corridor. High daily traffic count (18,214), premier frontage (350' on Indiana Ave) and corner lot access all make this investment open for many uses. Currently zoned as Auto-Urban Commercial with use permission extending from retail auto sales and medical/educational to commercial amusement/entertainment. Currently built out and partitioned into 12 offices, 5 large rooms and 6 restrooms with 4 main entrances on the Indiana Ave Frontage (west) side and 3 main entrances on the East Side. Adjacent lot also possibly available for sale.

PROPERTY FACTS

Price $2,850,000
Price Per SF $145.78
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront Retail/Office
Building Class C
Lot Size 1.52 AC
Rentable Building Area 19,550 SF
No. Stories 1
Year Built/Renovated 2008/2022
Tenancy Single
Parking Ratio 5.47/1,000 SF
No. Drive In / Grade-Level Doors 7

AMENITIES

  • Signage
  • Air Conditioning

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

ZONING

Zoning Code C3 (Auto-Urban Commercial under the new UDC.)
  • Listing ID: 33396452

  • Date on Market: 10/3/2024

  • Last Updated:

  • Address: 11703 Indiana Ave, Lubbock, TX 79423