Catylist ID:
#30543596
Iconic Downtown Lubbock Building For Sale - Ralli House
Retail-Commercial
for Sale
| Catylist Listing ID: | 30543596 |
| Property Subtypes: | Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub, Other |
| Building Size (RSF): | 12,546 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $950,000 |
| Unit Price: | $75.72 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller, Owner Financing |
| Cap Rate: | Undisclosed |
| Last Updated: | 1/15/2021 |
Overview / Comments
|
One of Lubbock’s most iconic buildings, the Ralli House was constructed in 1930 and spans 12,546 square feet over two floors (6,273 SF per floor). Located between the newly constructed Buddy Holly Hall of Performing Arts and Citizens Tower, near redevelopment/construction at the Civic Center and Metro NTS Tower, and across the street from 220 units of graduate student housing with anticipated groundbreaking in January 2021, this property primely positioned in the middle of today’s downtown resurgence. This historically-designated building features original wood trim and Terrazzo floors with rolled cove throughout, and walk-in safes on both floors. Aesthetics also include arts and crafts tiles. This listing also includes 45 parking spots on four adjacent lots. Could be sub-divided for multi-purpose. Property is eligible for LEDA improvement grants. Please see floor plan in documents and images. Call Jay Leeson for a viewing today! |
Attachments & Media
Additional Details
| Nearest MSA: | Lubbock |
| County: | Lubbock |
| Tax ID/APN: | R102584 |
| Tenancy: | Multiple Tenants |
| Year Built: | 1930 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Parking Description: | 45 parking spots on 4 adjacent lots |
| Sprinklers: | None |
| Heat Type: | Electricity, Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 8,082 | 77,915 | 170,452 |
| Median Age: | 29.37 | 28.91 | 31.64 |
| Households: | 2,693 | 27,314 | 64,592 |
Contact
Jay LeesonMcDougal, REALTORS®West Texas CIE Member |
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