1102 Broadway Heart of Downtown

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30400415
Property Subtypes: Mixed Use, Restaurant, Street Retail
Status: Pending
Building Size (RSF): 38,350 SF
Gross Building Area: See Agent
Sale Price: $700,000
Unit Price: $18.25 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/30/2021

Overview / Comments

This building is completely cleaned out and ready for remodel. Property could be an office redevelopment prospect, retail redevelopment, restaurant, or boutique hotel. Featuring newly restored bathrooms on the first floor with an updated elevator that provides access to the basement and all other floors. The second floor is sectioned into offices, meeting rooms, or classrooms. While the third, fourth, and fifth floors are open spaces ready to be finished.

Also included in this price are the three adjoining buildings located west of subject property (1106-1110 Broadway.) The lot sizes are 3,125sf., 3,125sf., and 3,125. These can be added onto the main building or demolished for parking.

Heart of the Downtown Lubbock Renaissance. 1102 Broadway is located in an unbeatable location down the street from the Pioneer, down the block from the Lubbock County Courthouse, and a block from the Mahon Federal Building. Close proximity to Texas Tech, Lubbock Medical District, the Lubbock City Hall, the LHUCA Arts District, and the Downtown Depot District. Ten minutes from the Preston Smith International Airport. I-27 access, Loop 289 access, and new Marsha Sharp Freeway make all of Lubbock just minutes away.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Submarket Type: Historic District
Tax ID/APN: R108189

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,167 79,476 170,290
Median Age: 29.5 29.03 31.61
Households: 3,077 27,903 64,594

Contact

Photograph of Listing Agent

Trae Smiley

McDougal, REALTORS®
West Texas CIE Member
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