5820 66th St
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5820 66th St
3,600 SF 100% Leased Retail Building Lubbock, TX 79424 $749,500 ($208/SF) 9.16% Cap Rate
Investment Highlights
- Neighborhood Retail Storefront
- Frankford Ave & 66th Street
- 24 Parking Spots
- Close to Apartment Complex & Other MultiFamily
- Corner Lot Access
- Owner Occupant Opportunity
Executive Summary
Prime Investment Opportunity in Southwest Lubbock, this small retail duplex offers an owner occupant or investor looking for high returns with a below $1 Million entry point. The 2015 building was remodeled in 2021 and recently installed new TPO roof create a low maintenance investment for any commercial real estate buyer. 2,000 square feet is already leased to Beauty Lounge with 1,600 sf of space for owner or another great tenant. Fully leased, this property hits a 9% CAP Rate.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
B
Year Built
2015
Price
$749,500
Price Per SF
$208
Cap Rate
9.16%
NOI
$68,662
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.46 AC
Zoning
C2A - NC - Neighborhood Commercial - Previously C2A Retail Zoning.
Parking
12 Spaces (3.33 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Tenant Controlled HVAC
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R169412 | Improvements Assessment | $421,841 |
| Land Assessment | $55,978 | Total Assessment | $477,819 |
PROPERTY TAXES
Parcel Number
R169412
Land Assessment
$55,978
Improvements Assessment
$421,841
Total Assessment
$477,819
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5820 66th St
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