Shopping Center for Sale

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 30723298
Property Subtypes: Community Center, Neighborhood Center, Strip Center
Status: Pending
Building Size (RSF): 8,687 SF
Gross Land Area: 1.59 Acres
Sale Price: $1,250,000
Unit Price: $143.89 PSF
Property Use Type: Investment
Building Name: 3207-3211 50th Street
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/23/2021

Overview / Comments

Shopping Center for Sale in Central Lubbock. Originally constructed in 2000, this two-building shopping center features 8,687 sq. ft. of gross leasable area and currently features five spaces available for tenant occupancy. A new flute-filled TPO roof was installed over the original standing metal seam room in 2020. The property is located across the street to the south of Monterey High School and is located on 50th Street, a heavily-travelled east-west commercial thoroughfare.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R154579
Property Visibility: Excellent
Area Description: On the south side of 50th Street, one block east of Indiana Avenue and across the street from Monterey High School. The property is immediately west of Auto Zone.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 2000
Roof Type: Other
Construction/Siding: Steel Frame

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,473 142,888 217,118
Median Age: 35.08 32.91 31.92
Households: 7,918 55,441 84,227
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Lubbock Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.