500 N University Avenue, Lubbock, TX 79415
$395,000
Property Type:
Commercial Sale
Square Footage:
13,916
Lot Size (sq. ft.):
213,470
Status:
Closed
Current Price:
$395,000
List Date:
3/11/2024
Last Modified:
1/31/2025
Description
Exceptional commercial-industrial property in an ideal location of Lubbock! Boasting over 12,000 sqft of cinder block construction, this space is designed for durability and functionality, making it perfect for various industrial needs. Property is priced accordingly for the improvements needed to make this a great asset. Key Features: 14' Ground Level Overhead Doors: Easy access from University Ave for loading and unloading operations with spacious access points Expansive Land Area: Nearly 5 acres of fenced land provide ample space for outdoor storage, parking, or future expansion projects Strategic Location: Benefit from the property's strategic location with swift and easy access to both Loop 289 and I-27, ensuring seamless transportation and logistics for your business Multi-Tenant Potential: Property presents an excellent opportunity for multi-tenant occupancy, allowing you to maximize your investment Zoned for Success: The property is zoned for heavy commercial
Supplements: ********
More Information MLS# 202400871
Contract Information
Current Price: $395,000
Original List Price: 395000
List Price: $395,000
Status: Closed
Listing Contract Date: 2024-03-11
Property Sub Type: Industrial
Listing Agreement: Exclusive Right To Sell
Owner Name: PELL PETER P & JANIS K ESTATE OF
Occupant Type: Vacant
Location Tax and Legal
Street Number: 500
Street Direction Prefix: N
Street Name: University
Street Suffix: Avenue
County: Lubbock
State: TX
Postal Code: 79415
Zone: 1
General Property Information
Above Grade Finished Area: 13916
Above Grade Finished Area Source: Public Records
Building Area Total: 13916
Lot Size Acres: 4.9006
Lot Size Square Feet: 213470
Lot Size Source: Public Records
Basement YN: No
List Price/Acre: 80602.38
List Price/SqFt: 28.38
Sold Price/Acre: 61216.99
Sold Price/SqFt: 21.56
Remarks and Miscellaneous
Public Historical Remarks: Specific Use: Yes, # Wells: 0
Public Remarks: Exceptional commercial-industrial property in an ideal location of Lubbock! Boasting over 12,000 sqft of cinder block construction, this space is designed for durability and functionality, making it perfect for various industrial needs. Property is priced accordingly for the improvements needed to make this a great asset. Key Features: 14' Ground Level Overhead Doors: Easy access from University Ave for loading and unloading operations with spacious access points Expansive Land Area: Nearly 5 acres of fenced land provide ample space for outdoor storage, parking, or future expansion projects Strategic Location: Benefit from the property's strategic location with swift and easy access to both Loop 289 and I-27, ensuring seamless transportation and logistics for your business Multi-Tenant Potential: Property presents an excellent opportunity for multi-tenant occupancy, allowing you to maximize your investment Zoned for Success: The property is zoned for heavy commercial
Status Change Information
Major Change Timestamp: 2024-05-29T21:23:03Z
Major Change Type: Status Change
Status Change Timestamp: 2024-05-29
Purchase Contract Date: 2024-05-29
Close Date: 2024-05-29
Buyer Financing: Cash
Buyer's Lender Closing Costs: No
Buyer's Lender Closing Costs Comments: Contact ListingAgent,Key Box
Land Details
Minerals Available: No
Crops Included YN: No
Showing Information
Showing Instructions: Contact ListingAgent,Key Box
Property Features
Business Type: Distribution; Industrial; Manufacturing; Mixed; Professional/Office; Residential; Restaurant; Retail; Storage; Transportation; Other
Foundation Details: Slab
Listing Terms: Cash; Conventional
Showing Requirements: Call Listing Office; Lockbox; Text Listing Agent
Listing Office: Williams & Company Real Estate
Listing Agent: Dan Williams
Last Updated: January - 31 - 2025
Information deemed reliable but not guaranteed.