Office Building for Sale

Office for Sale
Catylist Listing ID: 30442483
Property Subtypes: Office Building
Building Size (RSF): 15,108 SF
Gross Building Area: See Agent
Gross Land Area: 1.88 Acres
Sale Price: $2,100,000
Unit Price: $139 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/15/2021

Overview / Comments

Highly visible and superbly located office building for sale. Located on the northeast corner of Quaker Avenue and South Loop 289, 4314 S. Loop 289 offers an owner-occupant the perfect opportunity to acquire an office building that affords easy access to all parts of the city. The property is located on the south end of Leroy Elmore Park, affording beautiful views of the park and lake. A portion of the building is currently leased to a tenant (through 12.31.20), giving an owner-occupant the opportunity to offset their own occupancy costs with rental income, or the ability to expand their own occupancy in the future. The building has a fully-finished basement (with executive-style offices and restrooms), which is included in the square footage calculations of the property. ADA-compliant restrooms serve both sides of the building. The property is located in a flood zone.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R75251
Site Description: On the northeast corner of South Loop 289 & Quaker Avenue in Lubbock, TX. The property is located on the south side of Leroy Elmore Park and provides beautiful views of the lake and park. South Loop 289 is a major commercial arterial and Quaker Avenue is a north-south commercial thoroughfare through the city. Over 85,000 vehicles per day will pass in front of this location, offering an excellent opportunity for one of the most visible office locations in the city.
Year Built: 1979

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,830 124,860 205,559
Median Age: 40.82 34.43 32.33
Households: 6,411 51,735 80,042
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