Medical District Investment - Corner Unit

Office for Sale
Catylist Listing ID: 30501655
Property Subtypes: Medical
Building Size (RSF): 1,640 SF
Gross Building Area: See Agent
Sale Price: $205,000
Unit Price: $125 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 4020 21st
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2019

Overview / Comments

Former Optometrist Office sustained for over 30 years. This corner office located in the heart of the Lubbock's medical district, has great bones and remodel flexibility. Store front glass and doors brighten the space and create a professional looking entry for businesses or medical practices. Commercial Investors please ask for showing to capitalize on the ROI potential here. Space just needs to be opened up and arranged with a functional plan for potential users with the usual cosmetic updates: flooring, paint and lighting fixture upgrades.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R113375
Zoning: C-2A
Property Located Between: Medical District Hotels and Covenant Hospitals
Property Visibility: Excellent
Highway Access: Easily accessible off of Marsha Sharp and 19th Street
Site Description: Side parking in paved lot. Tree lined street in a professional medical district.
Year Built: 1965
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick building with stucco at roofline, glass store front entries, covered walk ways, fully accessible with railing, landscaped and mature tree lined street elevation with wide sidewalk
Parking Type: Surface
Sprinklers: None
Interior Description: Steel frame interior with 12' ceiling potential.
Zoning Description: C-2A
Lot Frontage: 280'
Lot Depth: 123'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Ashley BLK 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,924 129,954 207,698
Median Age: 32.47 29.71 31.91
Households: 4,365 50,500 80,718

Contact

Photograph of Listing Agent

Holly Richardson

James Morgan, Ltd. West Texas CIE Member
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