Office Building for Sale

Office for Sale
Catylist Listing ID: 30620498
Property Subtypes: Medical, Office Building
Building Size (RSF): 6,688 SF
Gross Land Area: 0.57 Acres
Sale Price: $1,149,950
Unit Price: $171.94 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 5607 114th Street
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/15/2021

Overview / Comments

Freestanding office building nearing completion in prestigious Stonewood Office Park on the south side of 114th Street, just to the west of Frankford Avenue in southwest Lubbock. A modern floorplan, high ceilings, state-of-the-art amenities and designer finishes throughout the building make this property a must-see. The building features two individual suites of 2,338 sq. ft. (suitable for multiple uses including medical, day spa, physical therapist, massage therapy, etc.) built out with beautifully-appointed reception area/lobby, 10 offices (suitable for exam rooms, many with sinks in the room), an executive office, conference room, break area, and two ADA-compliant restrooms and a 4,053 sq. ft. that is built out as beautiful professional office space that consists of a large entry/lobby and reception area, large executive office, 12 additional offices, large executive conference room, large break room, two ADA-compatible restrooms, and storage room.

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Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R331143
Property Visibility: Excellent
Area Description: Located to the east of Frankford Avenue on the north side of 114th Street in a rapidly growing area of southwest Lubbock.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2020
Parking Type: Surface
Zoning Description: GO - Garden Office
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 50,964 133,853
Median Age: 39.97 35.11
Households: 20,493 53,201
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