Log In/Sign Up
230 Avenue Q
Lubbock, TX 79415
Retail Property For Sale
Property Facts
Property Type
Building Size
9,265 SF
Building Class
C
Year Built
1969
Tenancy
Single
Building Height
1 Story
Building FAR
0.43
Lot Size
0.50 AC
Zoning
C4
Parking
12 Spaces (1.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
About 230 AVENUE Q , LUBBOCK, TX 79415
The building is currently under a Lease Agreement with Victor Baez dba Kings Tire Service. Current lease rate is $4,000/Mo, which escalates to $5,500 in July of 2019 for the remainder of the term. Tenant has Right of First Refusal to purchase the property though 12/31/2018. After that date the Tenant still has a Right of First Refusal based on a firm offer from a purchaser. The Cap Rate is currently 9.1%, but goes up to 12.6% until the expiration of the Lease Agreement. * Tenant and Landlord both have the right to early termination of the current lease with 60 days notice. The Tenants right to terminate expires 9/31/2019. Landlord has right to terminate throughout the term of the lease.
Property Taxes
| Parcel Number | R47866 | Improvements Assessment | $274,940 |
| Land Assessment | $16,406 | Total Assessment | $291,346 |
Property Taxes
Parcel Number
R47866
Land Assessment
$16,406
Improvements Assessment
$274,940
Total Assessment
$291,346
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
