2601 Fm 400Slaton, TX 79364

Property Details for 2601 Fm 400

Year built

1965

Lot size

1.00 AC

Property size (Sq ft)

2,496 SF

Zone code

27

Property type

Retail space

APN

R146275

APU

R146275

Description

This exceptional 5,832-square-foot industrial warehouse in Slaton, Texas, presents a compelling investment opportunity. Located on over an acre of land at 2600 FM 400, this single-story building boasts significant recent upgrades. These improvements include a new reverse osmosis (RO) water system, updated plumbing and electrical systems, and a brand-new overhead door, ensuring efficient operation. Exterior enhancements feature fresh paint and a newly installed trench drain. Inside, a private restroom adds convenience. The property also benefits from a private well and the added insulation of new spray foam insulation. The building's strategic location on a busy road between Idalou and Ransom Canyon offers excellent visibility and accessibility, making it ideal for a variety of commercial uses. Priced at $180,000, this property offers a compelling price per square foot of $30.86. The nearly 6,000 square feet of space and the extensive recent renovations make this a turnkey opportunity for a discerning buyer seeking a functional and well-maintained industrial space in Lubbock County, Texas, zip code 79364. The property is offered for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $544,347

  6.5%

  $502,474

  7%

  $466,583

• Comparable approach

  Method

  Valuation

  Relative Method

  $561,163

  Geo Method

  $756,803

• Alternative Use

  Use

  Valuation

  Residential

  $423,855

  Hospitality

  $388,249

  Educational

  $323,019

  Medical

  $334,128

  Retail

  $502,474

Location Insight

City

Slaton

County

Lubbock

State

Texas

Latitude

33.5698

Longitude

-101.656

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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