Four Unit Strip Center For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30757607
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 5,625 SF
Gross Building Area: See Agent
Gross Land Area: 9,488 SF
Sale Price: $450,000
Unit Price: $80 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

Investment opportunity. Four space mixed-use center for sale. Tenants include a barber shop which has been in the center for nine years, and signed a new five year lease in August 2021; a massage therapy center which signed a new three year lease in May 2021; and an office for a Medicare Specialist consultant/building owner who has officed in the space for many years and will sign a new two year lease upon the sale of the property. These are a few of the many office and retail users who are part of the unique and eclectic mix of businesses on 34th Street.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R39229
Retail Clientele: General, Family, Business
Property Located Between: University Avenue & Avenue Q
Property Visibility: Excellent
Largest Nearby Street: 34th Street
Site Description: The center is located on 34th Street between University Avenue and Avenue Q. Plumbing, HVAC, and cosmetic updates have been done in the last two years. This center provides convenient access and good visibility for the tenants.
Area Description: 34th Street is home to an eclectic mix of retail and office tenants. There are many unique locations that bring people from all over Lubbock to the area.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1955
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: DSL
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Nislar-Key. Block 2. Lot 3 and west 25' of lot 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,097 112,766 206,471
Median Age: 27.78 31.27 32.12
Households: 7,592 42,143 79,633


Photograph of Listing Agent

Julie Childs

RE/MAX Lubbock Commercial
West Texas CIE Member
Photograph of Listing Agent

David Bloodworth

RE/MAX Lubbock Commercial West Texas CIE Member
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