1302 Main Street
Retail-Commercial
for Sale
| Catylist Listing ID: |
30653462 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Street Retail
|
| Building Status: |
Proposed |
| Building Size (RSF): |
87,480 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,100,000 |
| Unit Price: |
$12.57 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/25/2020 |
Overview / Comments
This building is positioned in the heart of the revitalization of Lubbock's downtown. Many active projects are increasing the momentum in the shift back to this area. Located in an opportunity zone, this site lends itself to various use possibilities and tax credit programs. The current building is 7 stories offering a total of 87,480 SF, which includes a basement of 13,160 SF.
The property is located across the street from both the new 225 unit housing project with 300 car parking garage and the 89-unit Metro Lofts renovation project. Both properties have a leasing focus on Texas Tech graduate students. (See attached downtown highlights)
Other neighbors include; AT&T building, Wells Fargo building, Buddy Holly Center, New South Plains College, Lubbock National Bank, Pioneer Hotel, Lubbock Civic Center, and more. This location also offers quick access to Court and Municipal buildings.
|
Additional Details
| Nearest MSA: |
Lubbock |
| County: |
Lubbock |
| Tax ID/APN: |
R105080 |
| Property Visibility: |
Excellent |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,760 |
82,001 |
177,454 |
| Median Age: |
28.14 |
29.17 |
31.88 |
| Households: |
4,811 |
29,006 |
67,303 |
|
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