Office Building for Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30765166
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 3,974 SF
Gross Land Area: 0.39 Acres
Sale Price: $720,000
Unit Price: $181.18 PSF
Property Use Type: Vacant/Owner-User
Building Name: Offices at Lakewood
Class of Space: Class A
Usable Size (USF): 3,974 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/21/2021

Overview / Comments

Office Building for Sale in Southwest Lubbock. Constructed in 2017, this freestanding office building located in the Offices at Lakewood (a four-unit development with each unit separately-owned) features the opportunity for an owner to occupy the entire building or to multiple tenants. Perfect for an owner-occupant to have rental income to reduce their own occupancy costs. The building can be subdivided into three suites (currently configured as two suites, but easily subdividable). For full floorplan of the building, see attached marketing flyer.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R329452
Property Visibility: Excellent
Area Description: Located at 102nd & Frankford Avenue in a quickly growing corridor of southwest Lubbock.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2017
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Zoning Description: GO - Garden Office
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,976 52,591 137,423
Median Age: 35.48 39.39 34.8
Households: 1,860 21,664 55,751
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