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5005 Lake Park Dr - Wichita Falls Retail / Storage Site

8.52 Acres of Commercial Land Offered at £631,200 in Wichita Falls, TX 76308

Investment Highlights

  • 8.52 acres for sale in Wichita Falls County
  • Strategically located along Southwest Parkway in Wichita Falls which sees 24,939 vehicles per day
  • Close proximity to Midwestern State University, Kickapoo Downtown Airport, Lake Wichita, and multiple densely populated residential communities
  • Prime for the construction of a single-story self storage facility featuring an ideal mix of climate-control storage and boat/rv storage
  • Strong population of 49,289 residents within three miles of the site

Executive Summary

Offers should be in the form of a Letter of Intent (LOI) and at a minimum offers should include the following:
1. Price
2. Earnest Money Deposit
3. Due Diligence Time Period
4. Closing Period
5. Bio/Experience
6. Any other substantial business points the buyer wants the seller to know
The owner will consider only those proposals submitted at the prior invitation of the Seller or its agents, Franklin Street. The Seller reserves the right to negotiate with any party at any time. The Seller also reserves the unrestricted right to reject any or all offers.

Property Facts

Price £631,200
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Hospitality
  • Hotel
  • Restaurant
  • Self Storage
Total Lot Size 8.52 AC

1 Lot Available

Lot

Price £631,200
Price Per AC £74,085
Lot Size 8.52 AC

Located in Wichita Falls County, Wichita Falls is north of Dallas and just south of the Oklahoma border. This 8.52 acre lot for sale has frontage on Southwest Parkway, which sees an average of more than 24k vehicles per day.

Description

8.52 AC for sale located in Wichita Falls County. The property has close proximity to Midwestern State University, Kickapoo Downtown Airport, Lake Wichita, and multiple densely populated residential communities. Nearby tenants of the site include YMCA, Tractor Supple Co, Walmart Supercenter, Starbucks and many more. The site is prime for the construction of a single-story self storage facility featuring an ideal mix of climate-control storage and boat/rv storage.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
444919
Land Assessment
£444,527
Improvements Assessment
£0
Total Assessment
£444,527

zoning

Zoning Code GC (Self Storage, General Retail, Restaurants, Offices, Medical, Condos, Hotels, Multi-Family...)
GC (Self Storage, General Retail, Restaurants, Offices, Medical, Condos, Hotels, Multi-Family...)
  • Listing ID: 31794754

  • Date on Market: 14/05/2024

  • Last Updated:

  • Address: 5005 Lake Park Dr, Wichita Falls, TX 76308

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