Owner/User Auto Shop | Lockhart, TX

Highlights:

• Owner/User Auto Repair Asset - Great Opportunity for a New Business to Set Up Shop in Lockhart, TX
• QOZ, All Utilities on Site - Property is Situated in a Qualified Opportunity Zone
• Value Add Component - There is a Potential to Develop Additional Buildings and Parking in the Rear of the Property

Description:

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.

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