Downtown Professional Office Space

Office for Sale
Sale Pending
Catylist Listing ID: 30737439
Property Subtypes: Executive Suites, Office Building
Status: Pending
Building Size (RSF): 8,840 SF
Gross Building Area: See Agent
Sale Price: $575,000
Unit Price: $65.05 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2021

Overview / Comments

Multi-tenant office space available for sale. Currently spaces are being offered for lease but the building may be purchased as well. Property boasts 11 office suites and common area shared bathrooms (3 sets). Ample parking and room for increasing cash flow by leasing up vacancies.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R100142
Property Visibility: Good
Area Description: Located in the heart of Lubbock's Central Business District in close proximity to the county and federal courthouses, Lubbock's new city hall building (Citizen's Tower), the Depot Entertainment District, Lubbock Memorial Civic Center and the Buddy Holly Performing Arts Center. This building may also be purchased for $599,999.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,313 76,132 160,661
Median Age: 30.22 29.28 31.33
Households: 2,376 26,580 59,931

Contact

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