Office Building for Sale

Office for Sale
Catylist Listing ID: 30781374
Property Subtypes: Office Building
Building Size (RSF): 11,563 SF
Gross Land Area: 37,407 SF
Sale Price: $450,000
Unit Price: $38.92 PSF
Property Use Type: Vacant/Owner-User
Building Name: 5009 University Ave.
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

An 11,563 sq. ft. vacant office building on 37,407 sq. ft. tract of commercially-zoned land suitable for redevelopment or owner-occupancy once remodeled. Alternatively, the site can be purchased for redevelopment.

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Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R125525
Zoning: C2-A
Area Description: Located on the southeast corner of 50th Street & University Avenue in central Lubbock near multiple medical, office, retail and financial-related businesses. The property immediately adjacent to the south of a 7-11 convenience store with shared access off of University Avenue and 50th Street.
Year Built: 1959
Zoning Description: C2-A
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,036 119,184 208,747
Median Age: 32.87 32.44 31.95
Households: 7,684 45,090 80,653
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