Office Building for Sale

Office for Sale
Catylist Listing ID: 30681454
Property Subtypes: Office Building
Condo? Yes
Building Size (RSF): 2,090 SF
Sale Price: $418,000
Property Use Type: Vacant/Owner-User
Building Name: 5320 114th Street
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/26/2021

Overview / Comments

5318 11th Street (1,815 sq. ft.): Space in shell condition and can be designed to meet owner-occupants requirement. Space in shell condition is priced at $245,025 and can be finished out by developer at $363,000 ($65 per sq. ft. improvement allowance for interior finish).

5320 114th Street (2,090 sq. ft.): Space in shell condition and can be designed to meet owner-occupants requirement. This space features an upstairs loft office at the front of the building. Space in shell condition is priced at $282,150 and can be finished out by developer at $418,000 ($65 per sq. ft. improvement allowance for interior finish).

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R332856
Is Condo?: Yes
Zoning: GO - GARDEN OFFICE
Property Visibility: Excellent
Site Description: Located on the north side of 114th Street between Slide Road and Frankford Avenue in a rapidly-growing area of south Lubbock.
Year Built: 2020
Zoning Description: GO - Garden Office
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 45,115 132,040
Median Age: 40.8 35.08
Households: 18,419 52,558
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