98th Street AM Zone Frontage: Phase 1

Office for Sale
Catylist Listing ID: 30427306
Property Subtypes: Business Park, Medical, Office Building
Building Status: Proposed
Building Size (RSF): 3,753 SF
Gross Building Area: 16,756 SF
Sale Price: $225 - 240 PSF
Total Price: $844,425 - 900,720
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Ravenwood Offices
Class of Space: Class A
Usable Size (USF): 3,753 SF
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 11/18/2019

Overview / Comments

98th Street Frontage. Ravenwood's newest office park development. 3 Phase Proposed office shells (3753 sq. ft. each) to be built with complete customization option for interiors. Tracts can be combined to build larger office(s) if desired. Work with James Morgan Construction to build AM zoned facilities. James Morgan has experience building medical clinics, office buildings, shopping centers and other specialty commercial projects. Contact now to customize your facility!

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R95970
Zoning: AM
Property Located Between: Texas Tech Federal Credit Union and Miami Avenue - 98th Street Frontage
Property Visibility: Excellent
Site Description: Current site proposed for 3 identical office buildings sharing common parking lots. Building site can be arranged so buildings can be larger or combined. Contact now for flexible options to accommodate any client. (see proposed Site Plan PDF)
Area Description: Original developers of Ravenwood and Reserve at Ravenwood Site will be delivered at highest quality architecture and best use practice. Seconds from South Quaker, South Indiana, sitting directly on 98th Street; this site has some of the best visibility in desirable South Lubbock.
Parking Type: Surface
Parking Description: Shared, yet plentiful parking on landscaped lots
Zoning Description: AM zoning
Part of Planned Development?: Yes
Lot Frontage: 334.5 ft.
Lot Depth: 151 ft.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: BLK E2 SEC 17 AB 103 TR A1 AC: 2.391

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,657 82,355 157,741
Median Age: 42.56 37.02 33.59
Households: 5,288 34,194 63,331

Contact

Photograph of Listing Agent

Holly Richardson

James Morgan, Ltd. West Texas CIE Member
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