Freestanding Office Building for Sale

Office for Sale
Catylist Listing ID: 30681037
Property Subtypes: Executive Suites, Office Building
Building Size (RSF): 5,918 SF
Sale Price: $1,100,000
Unit Price: $185.87 PSF
Property Use Type: Vacant/Owner-User
Building Name: Garden Park Suites
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/14/2021

Overview / Comments

Recently constructed freestanding garden office building for sale along South Quaker Avenue, approximately 1/2 mile south of recently-opened HEB Grocery Store, Walmart and Academy Sports & Outdoor. South Quaker Avenue is among the most rapidly-developing commercial and residential thoroughfares in Lubbock. This 5,918 sq. ft. building (LCAD) was originally constructed as an executive suite multi-tenant office building, but is perfectly-suited for an owner-occupant with intent to owner-occupy the building over time while enjoying the ability to collect rent to offset their own occupancy costs in the interim. Beautiful finishes, controlled access entry, lots of natural light, and common area break area and conference room, and fully ADA-compliant building all add to the appeal of this property.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R313366
Zoning: GO - GARDEN OFFICE
Property Visibility: Excellent
Area Description: On the southeast corner of 122nd Street & Quaker in a rapidly-developing area along South Quaker Avenue in close proximity to multiple garden office buildings, medical buildings, retail space, restaurants. The Garden Park Suites are located approximately 1/2 mile south of a recently-opened Walmart and HEB grocery store.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2017
Zoning Description: GO - Garden Office
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 48,737 114,967
Median Age: 38.35 35.48
Households: 19,436 46,186
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