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

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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

Contact

Photograph of Listing Agent

David Powell, CCIM

The Powell Group at Keller Williams Commercial
West Texas CIE Member
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