2nd Generation Medical Office Space

Office for Sale
Catylist Listing ID: 30779737
Property Subtypes: Medical, Office Building
Building Size (RSF): 4,270 SF
Gross Land Area: 7,857 SF
Sale Price: $650,000
Unit Price: $152.22 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 4,270 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/25/2022

Overview / Comments

Unique 2nd generation medical space located in the heart of the Lubbock medical district. Suites can easily be subdivided for an income producing suite if buyer does not need the entire space.

The property is conveniently located near Covenant Hospital and Marsha Sharp Freeway (US 62/82) and Highway 114.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: Lubbock CAD
Tax ID/APN: R113258
Zoning: APARTMENT-MEDICAL
Property Located Between: Oxford Ave & Nashville Ave
Property Visibility: Good
Highway Access: Property is located less than a block away from Marsha Sharp Fwy.
Airports: Lubbock Preston Smith International Airport
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1965
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Parking lot on side, covered employee parking in rear, and street parking out front
Total Parking Spaces: 23
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Apartment-Medical
Lot Frontage: 70'
Lot Depth: 123'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: ASHLEY BLK 1 E34.32'OF W46.97' OF L 2 & 1/5 INT (L1 & E23.86' L 2 & W53.1'L 4)

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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

Ethan Quisenberry

McDougal, REALTORS West Texas CIE Member
Photograph of Listing Agent

Jeremy Steen

McDougal, REALTORS West Texas CIE Member
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