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
AMENITIES
- Signage
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
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PROPERTY TAXES
Parcel Number | R77324 | Improvements Assessment | $805,251 |
Land Assessment | $462,014 | Total Assessment | $1,267,265 |
ZONING
Zoning Code | C3 (Auto-Urban Commercial under the new UDC.) |