Office/apartment Warehouse Down town Lubbock

Office for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30641225
Property Subtypes: Mixed Use, Flex Space, Office Building
Building Size (RSF): 14,705 SF
Gross Land Area: 19,240 SF
Sale Price: $349,999
Unit Price: $23.80 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Class of Space: Class C
Usable Size (USF): 14,705 SF
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 9/16/2020

Overview / Comments

The building is less than 3 blocks from the new Buddy Holly Center and about 3 blocks from the Lubbock County Court House. Approximately 7,500 Sq. Ft. is currently rented for storage on a month-to-month basis. Office area of about 3,500 Sq. Ft. is partially constructed and can easily reconfigured to meet the new owner or Leasee requirements. Great location for AIrBNB, Warehouse area can be used for inside tenant parking. Seller will consider long term land lease.
Seller will lease or sale Lease price is $3.50 per Sq. Ft. per year base lease cost on an absolute NNN lease, 5 year minimum

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R94420
Property Located Between: Texas Ave and Ave L
Highway Access: Property is within 1 block of access road to Marsha Sharp Freeway which gives you access to I-27 within 1 mike and about 7 miles to Loop 289 on the southwest side of Lubbock.
Airports: Lubbock International Airport
Site Description: they lot is bounded by allies on the east and west sides and a 7th street on the south side. A rear roll up 10 foot door on the north side has a right of way entrance from a ally way on the north side
Area Description: There are multiple types of businesses in the area ranging from light manufacturing to professional office space
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 12,000 SF
Year Built: 1964
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Exterior brick and stucco walls with some concrete block
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Parking Description: Multiple parking spaces in front side of building on 7th Street and in the ally way on the east side of the property
Total Parking Spaces: 14
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Fiber Optic
Interior Description: Warehouse andd office place that is unfinished
Zoning Description: IHC
Lot Frontage: 125
Lot Depth: 130 plus
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Provides access to rear rollup door
Land Ownership: same as building
Legal Description: Origin Town Lubbock, BLK L 12-14, W/P OF 15-20

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,660 71,424 154,850
Median Age: 31.49 28.77 31.17
Households: 1,463 24,743 57,340


Photograph of Listing Agent

Charles Camp

Exit Realty of Lubbock
West Texas CIE Member
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