Updated Office Space in Opportunity Zone

Office for Sale
Catylist Listing ID: 30415276
Property Subtypes: Office Building
Building Size (RSF): 5,305 SF
Gross Building Area: See Agent
Gross Land Area: 7,875 SF
Sale Price: $350,000
Unit Price: $65.98 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/14/2022

Overview / Comments

Updated office building located across Marsha Sharp Fwy from the new Buddy Holly Hall of Performing Arts building. Convenient access to Marsha Sharp Fwy and I-27. This Building and adjacent acreage are for sale and both are in an Opportunity Zone. The building has all new exterior paint and updated vinyl plank flooring. There is office space and conference room with reception area up front and open warehouse/workspace in the rear. Can be purchased separately or packaged with the adjacent 7.5 acres of vacant land.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: LCAD
Tax ID/APN: R102938
Zoning: IHC
Property Visibility: Excellent
Highway Access: MSF and I-27
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,305 SF
Year Built: 1965
Construction/Siding: Brick
Parking Type: Surface
Heat Source: Central
Air Conditioning: Engineered System
Part of Planned Development?: Yes
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: FALCON STEEL TR C

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,321 75,875 165,432
Median Age: 27.77 28.55 31.19
Households: 4,069 26,481 62,532


Photograph of Listing Agent

Jeremy Steen

West Texas CIE Member
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