Unique Office Property on Cul de sac

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30704846
Property Subtypes: Business Park, Other
Status: Pending/Contingent
Building Size (RSF): 5,412 SF
Gross Building Area: See Agent
Sale Price: $499,000
Unit Price: $92.20 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2021

Overview / Comments

A quad of buildings, 1,353 sq.ft. each, facing into a shared courtyard at the end of a quiet business office cul de sac nestled among the trees offering a peaceful creative setting for your business. Great option for the owner/user who wants some income generation as 2 of the buildings are leased. Three of the buildings had interior renovations, including new windows, in 2013-2014 while the 4th building has been started, leaving finishes for the Buyer to make! The East & West buildings have new metal roofs while the N. & S ones are flat roofs with shingles around overhangs. Walking distance to Sugar Brown's Coffee with Prosperity Bank, KK's Mall and Orlando's Italian Food nearby.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R132705
Highway Access: 1 mile from S. Loop 289 off Indiana Avenue near traffic light at 66th street. Accessible location!
Total Number of Buildings: 4
Typical SF / Floor: 1,353 SF
Year Built: 1974
Year Renovated: 2013
Parking Type: Surface
Parking Description: There is current parking for approximately 16 vehicles around the building with additional street parking, however opportunity exists to increase that number with removal of some unnecessary landscaping at the back of the property.
Total Parking Spaces: 16
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LIVE OAK L 197-F & 197-G

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,261 128,903 204,383
Median Age: 41.11 34 32.17
Households: 6,398 52,011 79,387


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