3521 50th - Investment Property

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30641448
Property Subtypes: Street Retail
Status: Pending
Building Size (RSF): 7,776 SF
Gross Building Area: See Agent
Sale Price: $1,065,000
Unit Price: $136.96 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.81%
Last Updated: 1/27/2022

Overview / Comments

Investment Opportunity - This multi-tenant office/retail center is available for sale with multiple tenants including Premier Martial Arts and Trapped. There is one vacancy of approx 1,000 sq ft currently being offered for lease at $14/sq ft NNN (NNN are $2.25/sq ft). This opportunity to invest in a well cared for building along a major thru road in Lubbock doesn't come available often in Lubbock.

Located just West of Indiana on 50th Street, the property boasts great frontage on 50th Street and quick access to all parts of the city via its central location.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R28515

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,921 148,330 217,118
Median Age: 34.89 32.76 31.92
Households: 7,273 57,892 84,227


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