Historical Downtown Building - Build to Suit
Retail-Commercial
for Lease
Also listed as Industrial
| Catylist Listing ID: |
30537203 |
| Property Subtypes: |
Mixed Use, Restaurant, Tavern/Bar/Nightclub
|
| Contiguous Space: |
750 - 16,750 SF |
| Gross Building Area: |
16,000 SF |
| Gross Land Area: |
0.90 Acres
|
| Lease Rate: |
$10 - 20 PSF (Annual)
|
| Base Monthly Rent: |
$625 - 19,166 |
| Lease Types: |
NNN |
| Ceiling: |
32 ft. |
| In Opportunity Zone? |
Yes |
| Building Name: |
LP&L Power Plant |
| Last Updated: |
4/2/2021 |
Overview / Comments
Now available for pre-lease, 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.
|
| Level/Floor: |
1 |
| Space Available: |
11,500 SF |
| Minimum Divisible: |
2,875 SF |
| Max Contiguous: |
16,750 SF |
| Lease Rate: |
$10 - 20 PSF (Annual)
$9,583 - 19,166 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Partially built out space including removal of old generators and backfilled. Space ideal for retail or restaurant/bar. |
| Date Available: |
4/9/2020 |
| Space Type: |
Relet |
| Space Available: |
2,500 SF |
| Max Contiguous: |
16,000 SF |
| Lease Rate: |
$10 - 20 PSF (Annual)
$2,083 - 4,166 (Monthly)
|
| Lease Type: |
NNN |
| Date Available: |
12/1/2019 |
| Space Type: |
Relet |
| Rent Escalators Description |
Negotiable |
| Level/Floor: |
2 |
| Space Available: |
2,000 SF |
| Lease Rate: |
$10 - 20 PSF (Annual)
$1,666 - 3,333 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Open mezzanine space above 1st floor |
| Date Available: |
4/9/2020 |
| Space Type: |
Relet |
| Space Available: |
750 SF |
| Lease Rate: |
$10 - 20 PSF (Annual)
$625 - 1,250 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Outdoor space in the heart of the Art District |
| Date Available: |
4/9/2020 |
| Space Type: |
Relet |
Additional Details
| Nearest MSA: |
Lubbock |
| County: |
Lubbock |
| Taxing Authority: |
LCAD |
| Tax ID/APN: |
R88828 and R88879 |
| Zoning: |
CB-6 |
| Retail Clientele: |
General, Business, Recreation |
| Property Located Between: |
5th Street and Ave J |
| Property Visibility: |
Good |
| Largest Nearby Street: |
5th |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
11,500 SF |
| Property Condition: |
Good |
| Year Built: |
1930 |
| Year Renovated: |
2020 |
| Construction/Siding: |
Concrete |
| Total Parking Spaces: |
75 |
| Parking Type: |
Surface |
| 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. |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
ORIG T LUBBOCK BLK 7 ALL OF L 8 THRU 12 & PT OF 13 THRU 16 & CLOSED ROW |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,660 |
75,100 |
157,769 |
| Median Age: |
31.49 |
28.67 |
31.04 |
| Households: |
1,463 |
26,105 |
59,432 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Lubbock Association of REALTORS® nor
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