9,750 sf of Opportunity Zone Flex Space

Office for Sale
Sale Pending
Catylist Listing ID: 30790900
Property Subtypes: Coworking, Governmental, Institutional, Mixed Use, Flex Space, Office Building, Other
Status: Pending
Building Size (RSF): 9,750 SF
Gross Building Area: See Agent
Gross Land Area: 9,828 SF
Sale Price: $500,000
Unit Price: $51.28 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2022

Overview / Comments

This is a chance to purchase approximately 9,750 sf of well-maintained flex space in an Opportunity Zone in Lubbock's Depot District, just south of downtown. The property is zoned “Central Business District 4", which can support a wide variety of commercial uses. The property has one overhead loading door on the east side of the building. It is not located in a flood zone.

The property is positioned on the northwest corner of Avenue F and 18th St. It is one block north of 19th St, which sees an average of over 15,000 vehicles per day. The property has easy access to I-27, which is located one block to the east and sees over 50,000 vehicles per day.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R126752
Zoning: CBD-4
Highway Access: Easy access to I-27
Year Built: 1940
Parking Description: Street parking only
Sprinklers: Wet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,923 82,707 166,972
Median Age: 30.16 29.18 32.19
Households: 3,698 28,781 62,712

Contact

Photograph of Listing Agent

Landon Cole

RE/MAX Lubbock Commercial West Texas CIE Member
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