Downtown Warehouse & Apartment/Office

Retail-Commercial for Sale
Catylist Listing ID: 30757623
Property Subtypes: Free-Standing Building, Mixed Use, Parking Facility, Retail-Pad, Street Retail, Other
Building Size (RSF): 2,260 SF
Gross Land Area: 21,125 SF
Sale Price: $175,000
Unit Price: $77.43 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Usable Size (USF): 2,260 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/26/2021

Overview / Comments

This is a downtown property that can be a great contractor office with warehouse and stack yard, or apartment with a large 1500sf shop. Artist Studio, restaurant etc. Ready for use with some touch-up or redevelopment opportunity and prices more than reasonably.

Shop 1500sf
Apartment/Office 760sf
Land 21,125sf

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R97788
Zoning: CB 6
Retail Clientele: General, Business, Other
Property Located Between: Buddy Holly & 8th St
Largest Nearby Street: Buddy Holly
Feet of Frontage: 170
Highway Access: Quick Marsha Sharp & I-27 access.
Airports: Lubbock Preston Smith International Airport
Site Description: Level site with two buildings to the rear of the property.
Area Description: An affordable chance to be part of the Downtown Renaissance. Downtown redevelopment headed north to this site that's surrounded by a mix of industrial properties, railroad operations, and the Arts District. Walking distance to the Lubbock County Courthouse and minutes to City Hall, Texas Tech, Preston Smith International Airport, Depot District, LHUCA Arts District and all of Lubbock is nearby using the Marsha Sharp Freeway and I-27.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1940
Year Renovated: 2010
Roof Type: Flat
Construction/Siding: Concrete, Metal Siding, Steel Frame
Exterior Description: Two buildings. An apartment/Office and a 1500sf warehouse.
Total Parking Spaces: 15
Parking Type: Surface
Parking Description: Large lot and parking is dependent or your parking layout.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Apartment has bathroom shower and bedroom etc. Can also be used as an office.
Zoning Description: CB6 Downtown Arts District
Lot Frontage: 170
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal, Storm
Legal Description: ORIG T LUBBOCK BLK 57 L 5-10 & S/2 OF 4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,313 69,715 155,874
Median Age: 30.22 28.65 31.17
Households: 2,376 24,166 57,820


Photograph of Listing Agent

Carl H Tepper

Exit Realty of Lubbock
West Texas CIE Member
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