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: |
$2,275,000 |
| Unit Price: |
$150.58 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/12/2020 |
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 |
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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