2002, Ave S, Lubbock, TX, 79411
2002, Ave S, Lubbock, TX, 79411Basics
- Date added: Added 2 weeks ago
- Category: CommercialSale
- Type: Industrial
- Status: Active
- Bedrooms: 0
- Bathrooms: 0
- Half baths: 0
- Lot size: 13500 sq ft
- Year built: 0
- Address: 2002, Ave S, Lubbock, TX, 79411
- List Office Name: Berkshire Hathaway HomeServices Premier Properties
- Subdivision Name: 201
- Fireplaces Total: 0
- List Agent: Amy Baugh
- MLS ID: 202305797
Description
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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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Location
- Zone: 2
Amenities & Features
- Basement: No
- Utilities: ElectricityAvailable
- Private Pool: No
- Fireplace: No