Apex - Industrial Redevelopment Opportunity

7806 76th St Lubbock, TX 79407

7806 76th St, Lubbock, TX, 79407
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$5,000,000
Last Verified:
Oct 15, 2024

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Highlights

  • Large Industrial Redevelopment Opportunity
  • 10.01 Acres
  • 72,066 Sq FT within 2 buildings.
  • Southwest Lubbock

Description

Industrial Redevelopment Opportunity - This property is currently the Apex Event Center and is an indoor sports facility. Property sits on a 10.01 acre (644.68' width x 675.75' depth) with approx 72,066 sq ft within 2 buildings. The main building is a approx 60,000 sq ft with 25 ft tall ceilings in the center. There is approx 2,000+ square feet of space being used as Premiere Sportsplex West - a gym facility. There is a separate building on the north side with 10,000 sq ft. All of the property is currently being used for sports related uses. Although this property could be purchased to be used as an ongoing sports facility, the current income generated on the property would make that a challenge. A redevelopment for other commercial uses is likely the best and highest use of the property.

This opportunity for an Industrial redevelopment would allow a user, investor or combination of the two to transform the facility into an industrial single or multi-tenant facility. The metal building could have overhead doors added or truck wells if needed. The current parking could be transformed into fenced stack lot for equipment and product. This property would be great for someone looking to build a similar facility who could skip the 9-12 month process to build and instead focus on renovating the existing structure for their use.

The property was zoned SF-2 - low density single family - when it was annexed into the city. *A Zoning Change May Be Required*

The property is still in use so please call listing agent to schedule tours.

Located in southwest Lubbock just north of the Brownfield Hwy (US Hwy 62) near Wolfforth and just east of Alcove Ave. Property is located inside city limits of Lubbock.


Year Built: 2017
Building Size: 72066sq ft
Building Class: A
Lot Size: 10.01 acres


Documents

Apex Redevelopment - Property Flyer

Map of 7806 76th St, Lubbock, TX, 79407

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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."

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