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120 MLK Industrial Blvd W

13,293 SF Retail Building Lockhart, TX 78644 $2,600,000 ($196/SF)

Executive Summary

Commercial13,293 Sq. Ft.2.1 Acres

This prime commercial property offers a fantastic opportunity for businesses seeking a well-positioned space in the heart of the city's growing industrial area. With easy access to major roads and highways, this property is ideal for a wide range of commercial and industrial uses, including manufacturing, distribution, retail, or office operations. The property is strategically located in an established industrial corridor that is quickly becoming a hub for businesses in Central Texas. "Zoning on this property is Heavy Industrial" The building spans 13,293 square feet and sits on 2.1 acres of land, providing ample space for a variety of business needs. Its flexible zoning and layout make it suitable for a range of commercial applications, from light manufacturing to storage and distribution. The property benefits from high traffic visibility and easy access for both employees and deliveries, making it a standout option for businesses looking to expand or establish a strong presence in the area. In addition to its prime location, the property offers high ceilings that accommodate larger equipment or storage needs, as well as a spacious parking lot for both employees and customers. The area is well-equipped with essential services, and the location offers seamless connectivity to major highways, ensuring convenience for transportation and logistics. Lockhart itself is well known for its strategic position within the bustling Austin-San Antonio corridor, making it an attractive destination for growing businesses. With its mix of accessibility, visibility, and development potential opportunity for anyone looking to capitalize on Central Texas's thriving commercial market.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Building Size
13,293 SF
Building Class
C
Year Built/Renovated
1999/2024
Price
$2,600,000
Price Per SF
$196
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Land Acres
2.10 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial Heavy Business
Parking
104 Spaces (7.82 Spaces per 1,000 SF Leased)
Frontage
271 FT on CR 220

Amenities

  • Freeway Visibility
  • Signalized Intersection
  • Air Conditioning

About 120 MLK Industrial Blvd W , Lockhart, TX 78644

This prime commercial property offers a fantastic opportunity for businesses seeking a well-positioned space in the heart of the city's growing industrial area. With easy access to major roads and highways, this property is ideal for a wide range of commercial and industrial uses, including manufacturing, distribution, retail, or office operations. The property is strategically located in an established industrial corridor that is quickly becoming a hub for businesses in Central Texas. "Zoning on this property is Heavy Industrial" The building spans 13,293 square feet and sits on 2.1 acres of land, providing ample space for a variety of business needs. Its flexible zoning and layout make it suitable for a range of commercial applications, from light manufacturing to storage and distribution. The property benefits from high traffic visibility and easy access for both employees and deliveries, making it a standout option for businesses looking to expand or establish a strong presence in the area. In addition to its prime location, the property offers high ceilings that accommodate larger equipment or storage needs, as well as a spacious parking lot for both employees and customers. The area is well-equipped with essential services, and the location offers seamless connectivity to major highways, ensuring convenience for transportation and logistics. Lockhart itself is well known for its strategic position within the bustling Austin-San Antonio corridor, making it an attractive destination for growing businesses. With its mix of accessibility, visibility, and development potential opportunity for anyone looking to capitalize on Central Texas's thriving commercial market.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
39089
Land Assessment
$186,610 (2023)
Improvements Assessment
$1,142,480 (2023)
Total Assessment
$1,329,090 (2023)
  • Listing ID: 33886930

  • Date on Market: 11/15/2024

  • Last Updated:

  • Address: 120 MLK Industrial Blvd W, Lockhart, TX 78644

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