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Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30495839
Property Subtypes: Business Park, Office Building
Status: Pending/Contingent
Building Size (RSF): 6,912 SF
Gross Building Area: See Agent
Sale Price: $300,000
Unit Price: $43.40 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/21/2020

Overview / Comments

6,912 sq.ft. freestanding building with 17 offices, robust reception area, large clerical work space, 5 ADA restrooms (1 could be converted to laundry or shower), conference room, server/security room, break room and multiple storage closets. Security camera's @ each entrance & on interior. Parking lots on 2 sides of the building with street parking for W. front door. West side of building was medical at one time with water capped in walls for future use if needed. For the investor looking for multi-tenant, see attached floor plan that reconfigures it to a 4 suite building at minimal cost.

Neighbors include; Boy Scouts of America, South Plains Assoc. of Gov't, Family Counseling, KLLL radio, TX Dept. of Family & Protective Services, TRUNO technology services, Olibas Law Firm, SW Insurance & Family Guidance Center to name a few.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R125039
Zoning: R-3 SPECIFIC USE
Highway Access: SW of the intersection at 50th and Avenue Q. Easy access from I-27, Hwy 84 and S.Loop 289.
Total Number of Buildings: 1
Number of Stories: 1
Year Renovated: 2015
Exterior Description: Parking available on the north & south sides of the property with street parking available straight out the main entrance on the west side. Low maintenance landscaping was installed in 2015.
Parking Type: Surface
Total Parking Spaces: 30
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,640 91,086 190,673
Median Age: 31.24 32.04 32.39
Households: 5,153 34,303 72,887

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