Office Building for Sale

Office for Sale
Catylist Listing ID: 30658029
Property Subtypes: Medical, Office Building
Building Size (RSF): 9,015 SF
Gross Land Area: 0.85 Acres
Sale Price: $1,050,000
Unit Price: $116.47 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2020

Overview / Comments

Freestanding 9,015 sq. ft. office building located in Lubbock's medical district and suitable for medical or other professional users. The building is currently divided into multiple suites, giving an owner-occupant the opportunity to lease excess space to other tenants or for the property to be refurbished as investment property for a real estate investor. Abundant parking and visibility from Indiana Avenue.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R112855
Area Description: Located on the west side of Indiana Avenue between 22nd & 23rd Street in Lubbock's medical district near Covenant Hospital, Covenant Lakeside, and a few blocks from the Texas Tech University campus. The building is located minutes from University Medical Center and Lubbock's central business district.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,015 SF
Year Built: 1981
Zoning Description: AM - Apartment Medical

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,538 131,014 211,320
Median Age: 25.57 30.12 31.83
Households: 5,195 49,626 81,847
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