Catylist ID: #30594528
Historical Downtown Building - Build to Suit
Retail-Commercial for SaleAlso listed as Industrial
|Catylist Listing ID:||30594528|
|Property Subtypes:||Mixed Use, Restaurant, Tavern/Bar/Nightclub|
|Building Size (RSF):||16,000 SF|
|Gross Land Area:||0.90 Acres|
|Sale Price:||See Agent|
|In Opportunity Zone?||Yes|
|Property Use Type:||Business|
|Building Name:||LP&L Power Plant|
|Sale Terms:||Cash to Seller|
Overview / Comments
Now available for sale!!! This is a one of a kind opportunity with the most unique property in the heart of Lubbock's Downtown Art District. Located on the NE corner of 5th and Avenue J across from the Charles Adams Studio, this property is on the Art Trail and mere walking distance from the Lubbock Memorial Civic Center and the new $180M Buddy Holly performing arts center. Lubbock's original power plant is a truly unique commercial space with an abundance of character and history.
This local landmark is currently being redeveloped with "adaptive reuse" to blend historic character with modern elements, highlighting the spirited past of the power and water distribution plant by restoring many of the original finishes to create an attractive aesthetic rich in color and texture.
Original factory elements like a 1930s generator and overhead bridge crane are incorporated in the design creating an interesting, multi-diminsional space with endless aesthetic appeal. Features such as the mezzanines, the basement/tunnels, and overhead doors make this space and location ideal for restaurants, bars, or entertainment.
Pre-leasing opportunity offers a distinct commercial space with flexible floor plans and ample parking in Downtown Lubbock. With two buildings sitting on almost an acre of land, there are multiple ways to subdivide the space. Rates and TI are negotiable depending on concept, TI, and lease terms.
Attachments & Media
|Property Located Between:||5th Street and Ave J|
|Largest Nearby Street:||5th|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Typical SF / Floor:||11,500 SF|
|Total Parking Spaces:||75|
|Parking Description:||Parking will be to the north and east of the main building. Other structures will be removed for parking depending on design, concept, and need.|
|Heat Type:||Natural Gas|
|Air Conditioning:||Engineered System|
|Legal Description:||ORIG T LUBBOCK BLK 7 ALL OF L 8 THRU 12 & PT OF 13 THRU 16 & CLOSED ROW|
|Proximity:||1 mile||3 miles||5 miles|
Jeremy SteenMcDougal, REALTORS
West Texas CIE Member
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