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119 Bufkin Ln
Lockhart, TX 78644
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Owner/User Auto Repair Asset - Great Opportunity for a New Business to Set Up Shop in Lockhart, TX
- Value Add Component - There is a Potential to Develop Additional Buildings and Parking in the Rear of the Property
- QOZ, All Utilities on Site - Property is Situated in a Qualified Opportunity Zone
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to exclusively offer for sale the Owner/User Opportunity located at 119 Bufkin Ln, Lockhart TX, 78644. This 2,100
SF property was built in 2012 and is situated on 0.57 AC of land. The site??would be delivered vacant to a new owner, and the attached equipment list
would convey. The site currently has 3 automotive bays with an office??space. The site has also been a NAPA Auto Care Center since 2016 (invitation
only), which the Seller believes could be transferable to a new buyer (buyer to confirm).??The asset benefits from city water, sewer, 3-phase power and
is located within a qualified opportunity zone (QOZ). The property is situated across the street from a brand new McCoy's.
The asset is located on Bufkin Ln directly next to the Lockhart Police Department and Lockhart CAD and is proximate to Highway 183, offering 23,918
VPD. The retailer??corridor within 1.5 miles covers the entirety of the city and are inclusive of credit retailers such as Walmart, H-E-B, Walgreens,
Dollar Tree, McDonald's, Fresenius, DaVita, and many more. The surrounding area has an average household income of $78,751 within 3 miles of the
site.
This would be an excellent opportunity for a new business to purchase the property. There is an potential to develop additional buildings and parking
in the??rear of the property, creating a value-add opportunity for a new owner as well.
SF property was built in 2012 and is situated on 0.57 AC of land. The site??would be delivered vacant to a new owner, and the attached equipment list
would convey. The site currently has 3 automotive bays with an office??space. The site has also been a NAPA Auto Care Center since 2016 (invitation
only), which the Seller believes could be transferable to a new buyer (buyer to confirm).??The asset benefits from city water, sewer, 3-phase power and
is located within a qualified opportunity zone (QOZ). The property is situated across the street from a brand new McCoy's.
The asset is located on Bufkin Ln directly next to the Lockhart Police Department and Lockhart CAD and is proximate to Highway 183, offering 23,918
VPD. The retailer??corridor within 1.5 miles covers the entirety of the city and are inclusive of credit retailers such as Walmart, H-E-B, Walgreens,
Dollar Tree, McDonald's, Fresenius, DaVita, and many more. The surrounding area has an average household income of $78,751 within 3 miles of the
site.
This would be an excellent opportunity for a new business to purchase the property. There is an potential to develop additional buildings and parking
in the??rear of the property, creating a value-add opportunity for a new owner as well.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,100 SF
Building Class
C
Year Built
2012
Price
$792,885 CAD
Price Per SF
$377.56 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.08
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
CHB
Parking
12 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
117’ on Bufkin Ln
PROPERTY TAXES
| Parcel Number | 18854 | Improvements Assessment | $201,984 CAD |
| Land Assessment | $133,537 CAD | Total Assessment | $335,522 CAD |
PROPERTY TAXES
Parcel Number
18854
Land Assessment
$133,537 CAD
Improvements Assessment
$201,984 CAD
Total Assessment
$335,522 CAD
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