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615 US Highway 70 5,075 SF Retail Building Lockney, TX 79241 $526,988 CAD ($103.84 CAD/SF)



Investment Highlights
- Former family-run restaurant building with two dining areas and on-site kitchen infrastructure.
- Positioned along US Highway 70 offering excellent route visibility and ease of access.
- Located near the new Dollar General and other local businesses within Lockney.
- Includes existing restaurant equipment, reducing initial fit-out costs for new users.
- Approximately 0.55-acre lot providing surface parking opportunities.
Executive Summary
This 12 room motel with 6 RV hook-ups positioned between Dollar General Market and Old Maroon Saloon has fantastic visibility along the frontage road of U.S. Hwy 70 heading W. between Plainview and Floydada in Lockney, TX. Improvements completed over the last 5 years include a new metal roof, concrete parking lot, heating & cooling units in each room and updating the bathrooms. The property is made up of 2 buildings: reception / owner's apartment (2 bed / 1 bath / living / kitchen / laundry) = 1,475 sf while the available rooms for rent and a large mechanical room / supply closet = 3,600 sf. This is a great opportunity for someone who is savvy in social media marketing and booking technology to capitalize on local events & collaborating with other entrepreneurs like Punkin' Days, class reunions, hunting season, Old Fashion Saturdays, weddings, family reunions, Old Settler's Reunion and more! Call today for a personal tour of the property.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,075 SF
Building Class
C
Year Built
1973
Price
$526,988 CAD
Price Per SF
$103.84 CAD
Tenancy
Single
Building Height
1 Story
Lot Size
31.11 AC
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R000006377 | Improvements Assessment | $34,039 CAD |
| Land Assessment | $6,374 CAD | Total Assessment | $40,413 CAD |
Property Taxes
Parcel Number
R000006377
Land Assessment
$6,374 CAD
Improvements Assessment
$34,039 CAD
Total Assessment
$40,413 CAD
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615 US Highway 70
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