Bar/Night Clubs for Sale/Lease in Historic Lower Depot Distric

Retail-Commercial for Sale
Catylist Listing ID: 30611422
Property Subtypes: Tavern/Bar/Nightclub
Building Size (RSF): 9,170 SF
Gross Building Area: 16,220 SF
Sale Price: $1,150,000
Unit Price: $125.41 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Level Night Club & Beer Garden
Usable Size (USF): 16,220 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/17/2020

Overview / Comments

Investment opportunity in the historic lower depot district! Now for sale or lease the Level Night Club at 1928 Buddy Holly and Beer Garden at 2202 Buddy Holly as a package deal.

Level Nightclub boasts over 7,000 sqft including two hard, bands floor, movable platform for DJ or live music, offices, DJ booth, and ability to open the building for block party or outdoor concert. See attached video for clips of these events.

Beer Garden venue is over 9,000 sqft with multiple rooms, bars and open court yard. This venue is used for private parties or events, but has also been an active night club.

Both locations were recently open and in great condition. Beer garden is still open for private parties and events. All FF&E is negotiable including all custom speakers, lights, massive screens and sound equipment. See attached lists of FF&E available for purchase attached here.

See attached graphic for parking information and associated lots for each property. 1928 Buddy Holly is sprinkled, 2202 is not.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: LCAD
Tax ID/APN: R133791, R133836, R133855, R133879, R134244
Zoning: CB-4
Property Located Between: 19th & Buddy Holly
Property Visibility: Good
Largest Nearby Street: 19th & Buddy Holly
Highway Access: I-27
Airports: Lubbock Airport
Tenancy: Single Tenant
Total Number of Buildings: 2
Typical SF / Floor: 9,170 SF
Property Condition: Good
Year Built: 1950
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Property includes the following parking lots - 1926 Buddy Holly, 1928 Buddy Holly, 1950 Buddy Holly, 1954 Buddy Holly, and 2202 Buddy Holly. See attached graphic for further.
Sprinklers: Wet, None
Legal Description: HART J T BLK 1 L 21 THRU 24 MERRILL BLK 43 L 1 2 & N14.7' OF 3 MERRILL BLK 43 L 4 5 & S35.3' OF 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,923 89,298 172,474
Median Age: 30.16 29.96 32.04
Households: 3,698 31,603 64,830

Contact

Photograph of Listing Agent

Jeremy Steen

McDougal, REALTORS
West Texas CIE Member
Photograph of Listing Agent

Shannon King

McDougal, REALTORS West Texas CIE Member
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