4212 N Frankford Avenue, Lubbock, TX 79416

$925,000
12,005
SqFt
List Price
$925,000
Closing Date
Jan 01, 1800
MLS#
202303694
Status
ACTIVE
Type
Commercial
Living Area
12,005
Lot Size
88,732
County
Lubbock
City
Lubbock
Legal Description
BLK JS SEC 22 AB 862 TR C12 AC

Property Description

Great investment opportunity with 100% current occupancy in industrial leased shops. There is just over 2.03 acres and room for an additional 12 more rental units to be built to add value. The current owner is able to build out the same concept at $35/ft for the new buyer. The property currently brings in $4,250 per month. To finish out the property estimated rental would be approximately $16,000 gross rent a month. The property is less than a mile from HWY 84 and outside of the city limits. Private well is on site and the 2 end units have office space for business.

Additional Information

Floors
Concrete
Heating
Floor Furnace
Exterior
Steel Frame/Metal
Foundation
Slab

Mortgage Calculator

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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty.