Broadway Place

Office for Sale
Catylist Listing ID: 30752637
Property Subtypes: Net Leased, Office Building
Building Size (RSF): 25,540 SF
Gross Building Area: See Agent
Gross Land Area: 32,598 SF
Sale Price: $2,500,000
Unit Price: $97.89 PSF
Property Use Type: Investment
Building Name: Broadway Place
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/27/2022

Overview / Comments

Rare unique income producing office property on Broadway St.

Broadway Place is occupied by 3 tenants and 100% occupied.

Building is well maintained and updated.

Property self parks with 42 off-street spaces.

Owner will sign lease or vacate space for a new owner occupant of 2500 sf.

Property has new roof as of November 2021.

Contact agent to see the property.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R136928, R136858, R136881
Zoning: CB-1
Property Located Between: Texas Tech and Downtown Lubbock on Broadway St close to Ave Q
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1953
Parking Type: Surface
Parking Description: Off-street parking on West side and parking lot across street on the East side.
Total Parking Spaces: 42
Passenger Elevators: 1
Sprinklers: None
Water Service: Municipal
Sewer Type: Municipal
Legal Description: OVERTON BLK 12 L 1 & 2 & N39' OF 3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,501 85,755 183,897
Median Age: 26.5 29.48 31.77
Households: 5,635 30,325 70,217


Photograph of Listing Agent

Daniel Stanton

KW Commercial West Texas CIE Member
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