Log In/Sign Up
Your email has been sent.
12301 County Road 2300 rd
Lubbock, TX 79423
12301 - 12309 CR 2300 · Industrial Property For Sale
Investment Highlights
- 5 out of the 9 units are used by the Owner, making it easy for the Buyer to use the space or rent it out
- Upon stabilization, the Property will yield an above-market return
- Comes with a 11,210 SF building sitting on 2.548 acres, which offers endless opportunities to increase the NOI
Executive Summary
12301 – 12309 CR 2300 (Ave P) – Lubbock, TX 79423
2023 built contractor shops (9 x 1,250 SF bay size)
Built in 2023, this property features nine (9) 1,250 square feet shops; each unit has a retail glass door, overhead door, and a private bathroom. Sitting on 2.548 acres, this property offers a Buyer extra land to further develop the property and increase NOI.
Located right off Interstate 27 (I-27) between 114th and 130th St (FM 1585 / Loop 88) on CR 2300 (Ave P), this property is in the middle of Lubbock’s trajectory growing southward providing super easy access to all major thoroughfares.
Purchase Price: $1,049,000
NOI: $67,184.92(44.4% rented & 55.6% owner occupied)
CAP Rate: 6.40% (on actuals); 12.77% upon stabilization
Building Square Footage: 11,250; Total Land : 2.548 Acres, 111,034 SF (room for expansion)
Units: 9 units of 1,250 SF each; insulated; private bathroom in each unit; individually metered.
Zoning: Out-of-city limits (no restrictions)
School District: Lubbock Cooper ISD
Nearest Highway: Interstate 27 and Future Loop 88
2023 built contractor shops (9 x 1,250 SF bay size)
Built in 2023, this property features nine (9) 1,250 square feet shops; each unit has a retail glass door, overhead door, and a private bathroom. Sitting on 2.548 acres, this property offers a Buyer extra land to further develop the property and increase NOI.
Located right off Interstate 27 (I-27) between 114th and 130th St (FM 1585 / Loop 88) on CR 2300 (Ave P), this property is in the middle of Lubbock’s trajectory growing southward providing super easy access to all major thoroughfares.
Purchase Price: $1,049,000
NOI: $67,184.92(44.4% rented & 55.6% owner occupied)
CAP Rate: 6.40% (on actuals); 12.77% upon stabilization
Building Square Footage: 11,250; Total Land : 2.548 Acres, 111,034 SF (room for expansion)
Units: 9 units of 1,250 SF each; insulated; private bathroom in each unit; individually metered.
Zoning: Out-of-city limits (no restrictions)
School District: Lubbock Cooper ISD
Nearest Highway: Interstate 27 and Future Loop 88
Property Facts
Amenities
- 24 Hour Access
- Front Loading
Utilities
- Gas - Natural
- Water - Well
- Sewer - Septic Field
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $33,003 | Total Assessment | $63,003 |
Property Taxes
Parcel Numbers
Land Assessment
$33,003
Improvements Assessment
$0
Total Assessment
$63,003
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
