Fully leased property consisting of two (2) 10,000 sq ft buildings with an enclosed storage/parking yard between the buildings. The property is being used as an auto body shop leased through the end of 2024.
Property is located at the southeast corner of 19th & I-27.
Tenant: Xplosive Kustomz is a full service automotive body shop that has grown over the years to now occupy 311-405 19th Street. The company has a long track record of serving customer's automotive needs and has invested their own money turning this property into a useable space for their needs.
Conveniently located in the southeast corner of I-27 and 19th Street. The former auto dealer body/service shop is located with quick access to all parts of Lubbock, Midland and Amarillo via I-27 just one mile south of Marsha Sharp Freeway.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.