708 Loop 289Lubbock, TX 79404

For Lease
$4.50/SF/YR View listing
  • Commercial real estate
  • 30,300 SF

Property Details for 708 Loop 289

Year built
2016
Lot size
1.80 AC
Property size (Sq ft)
30,300 SF
Zone code
38
Property type
Commercial real estate
APN
R106483
APU
R106483

Description

This exceptional industrial property in Lubbock, Texas, offers a unique opportunity for businesses seeking versatile warehouse space. The property boasts two buildings totaling 30,300 square feet, situated on a 1.8-acre lot with convenient SE Loop 289 frontage. The original 8,300-square-foot building, constructed in 1971 and renovated in 2016, features two offices, a break room, two restrooms, open warehouse space, and two drive-thru bays—one equipped with a floor drain. The second building, a 22,000-square-foot structure built in 2016, offers an open reception/showroom area, an office, a restroom, and ample warehouse space. This newer building is equipped with substantial 2,800 amp 3-phase electrical service, compressed air lines throughout, two ten-ton HVAC units, and four overhead doors. Both buildings are fully fenced and enclosed, providing secure parking and stack yard areas. The property is conveniently located at 708 SE Loop 289, Lubbock, TX 79404, and is zoned Light Industrial (LI), allowing for a variety of industrial uses, including warehousing, distribution, and light assembly. Minimum divisible space is 8,300 square feet, with a maximum contiguous space of 30,300 square feet. Importantly, this property is not located in a flood zone. The City of Lubbock's Unified Development Code, effective October 1, 2023, further clarifies permitted uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,145,360
    Hospitality
    $4,713,122
    Educational
    $3,921,262
    Medical
    $4,056,120
    Retail
    $6,099,741
708 Loop 289, Lubbock, Texas

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.5286
Longitude
-101.829
CBSA code
31180
CBSA name
LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,829
$58,733
$1,547,130
$1,605,863
-
$58,733
$1,547,130
$1,605,863

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