Medford Plaza

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 30647909
Property Subtypes: Strip Center
Status: Pending
Building Size (RSF): 16,140 SF
Gross Building Area: See Agent
Gross Land Area: 2.46 Acres
Sale Price: See Agent
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Cap Rate: Undisclosed
Last Updated: 11/3/2020

Overview / Comments

Online Auction: 10/26/2020 - 10/28/2020 Starting Bid: $350,000

Drake Real Estate & Investments are please to offer the sale of Medford Plaza in Lufkin, TX. This center is located in an exceptional retail area of the market with high traffic and visibility. The disposition presents a great value add opportunity as there is ample vacancy and current tenants on terms with below market rents. Substantial improvements have been made to the center's common areas including a new 35' pylon sign. The center is currently managed by a commercial professional firm that has performed exceptional to improve the overall quality and curb-appeal of the development. The center is turn-key for an investor to take over leasing, and also offers a premium lot for redevelopment.

Details to register and bid can be found on website links provided.

Attachments & Media

Additional Details

Nearest MSA: Lufkin
County: Angelina
Tax ID/APN: 4220M-349-001-002-00
Property Visibility: Excellent
Largest Nearby Street: Medford Rd. (Hwy 59)
Site Description: Located in the high traffic retail and entertainment corridor of the market. The center is approximately 0.5 mile to the east of the busy Hwy 59 & Loop 287 intersection. Surrounding retailers include The Home Depot, Cinemark Lufkin 12, Buffalo Wild Wings, Olive Garden, Chili's Grill & Bar, Logan's Roadhouse, PetSmart, and many more.
Total Number of Buildings: 2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,591 32,771 48,395
Median Age: 35.7 34.97 34.79
Households: 2,166 12,230 17,683

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