Office Building for Sale

Office for Sale
Catylist Listing ID: 30681455
Property Subtypes: Office Building
Condo? Yes
Building Size (RSF): 1,784 SF
Sale Price: $356,800
Property Use Type: Vacant/Owner-User
Building Name: 5316-D 114th Street
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2021

Overview / Comments

5316-A is 1,820 sq. ft. fully-finished office building for sale in 4-unit party-wall development, each of which can be purchased separately or packaged together for an investor. This space is fully finished and ready for near-immediate occupancy. Suitable for professionals of all types, the unit features a large lobby, reception area, three executive offices, break area with coffee bar, and two fully-compliant ADA restrooms. Designer finishes, vinyl plank flooring, beautiful ceiling treatments and upgraded lighting, and large windows are all features you will want to check out in this office space. The price of 5316-A is $364,000.

5316-B (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).

5316-C (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).

5316-D (1,784 sq. ft.): Space in shell condition and can be designed to meet owner-occupants requirement. Space in shell condition is priced at $240,840 and can be finished out by developer at $356,800 ($65 per sq. ft. improvement allowance for interior finish).

Attachments & Media

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: 45,115 133,026
Median Age: 40.8 35.1
Households: 18,419 52,927
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