MAC DAVIS Properties
Retail-Commercial
for Lease
| Catylist Listing ID: |
30314888 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
|
| Contiguous Space: |
2,132 - 10,000 SF |
| Total Available: |
16,792 SF |
| Gross Building Area: |
21,395 SF |
| Gross Land Area: |
41,618 SF
|
| Lease Rate: |
See Agent
|
| Lease Types: |
See Agent |
| Ceiling: |
12 ft. |
| In Opportunity Zone? |
Yes |
| Building Name: |
Mac Davis Lane |
| Usable Size (USF): |
21,395 SF |
| Last Updated: |
1/14/2022 |
Overview / Comments
A PRIME LOCATION IN DOWNTOWN LUBBOCK FOR A REDEVELOPMENT PROJECT, THIS PROPERTY IS LOCATED NEXT DOOR TO THE DOUBLE TREE HOTEL, 1/2 BLOCK FROM THE CIVIC CENTER, 1 BLOCK FROM THE BUDDY HOLLY CENTER AND 1 BLOCK FROM LOUISE H. UNDERWOOD ARTS CENTER.
ON ONE OF THE GATEWAY STREETS INTO THE DOWNTOWN REVITALIZATION PROJECT OCCURRING IN LUBBOCK, TX
POSSIBLE USES INCLUDE; RESTAURANTS, ART STUDIOS, CONDO/RETAIL FACILITY, RETAIL STORE BREW PUB
OWNER WILL CONSIDER A SALE OF PROPERTY - CALL FOR INFORMATION
LOCATED IN A TEXAS QUALIFIED OPPORTUNITY ZONE
|
| Space Available: |
5,500 SF |
| Max Contiguous: |
10,000 SF |
| Lease Rate: |
See Agent
|
| Lease Type: |
Modified Gross |
| Space Description: |
EAST BUILDING PERFECT FOR BREW PUB LOCATION, WAREHOUSE, ART FABRICATION,
OFFICE/ SHOWROOM/WAREHOUSE is vacant and ready to occupy
CAN BE EXPANDED TO 7500 SF |
| Date Available: |
7/15/2019 |
| Lease Term: |
36 Months |
| Space Type: |
Relet |
| Conference Rooms: |
2 |
| Kitchen |
Yes |
| Equity Lease |
Yes |
| Parking Spaces |
40 |
| Tax Expenses |
$0.80 PSF (Annual) |
| Operating Expenses |
$0.90 PSF (Annual) |
| CAM Expenses |
$0.10 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% INCREASES EVERY 2 YEARS - BASE YEAR TAXES AND INSURANCE OF 2019 |
| Rent Concession |
NEGOTIABLE - Discounted rates for a period of time |
| Level/Floor: |
North End of EAST Building |
| Space Available: |
4,500 SF |
| Lease Rate: |
See Agent
|
| Lease Type: |
Modified Gross |
| Space Description: |
This space is currently utilizes as Warehouse Storage - It could easily be developed into a BREW PUB or Distillery to service the rapid growth of the Downtown Redevelopment Project. CONTACT Broker Owner for Details
|
| Space Subcategory: |
Warehouse/Distribution, Theme/Festival |
| Date Available: |
4/1/2019 |
| Lease Term: |
120 Months |
| Space Type: |
Relet |
| Parking Spaces |
20 |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
3% increases every 2 years |
| Rent Concession |
Negotiable |
| Space Available: |
4,660 SF |
| Max Contiguous: |
7,660 SF |
| Lease Rate: |
See Agent
|
| Lease Type: |
Modified Gross |
| Space Description: |
10 offices / 2 large open area / break room |
| Space Subcategory: |
Office Building |
| Date Available: |
10/1/2018 |
| Lease Term: |
24 Months |
| Space Type: |
Relet |
| Offices |
10 |
| Kitchen |
Yes |
| Parking Spaces |
20 |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
Base year Taxes Insurance & CAM |
| Rent Concession |
Negotiable |
| Space Available: |
2,132 SF |
| Max Contiguous: |
6,700 SF |
| Lease Rate: |
See Agent
|
| Lease Type: |
NN,NNN |
| Space Description: |
This space has 2 large bullpen areas and a large conference room between them Tile floors in the bull pen area with carpet in the conference room. ADA Restroom. This space could be utilizes as a Retail space or small Art Studio or Office. |
| Space Subcategory: |
Office Showroom, Fashion/Specialty |
| Date Available: |
3/1/2019 |
| Lease Term: |
60 Months |
| Space Type: |
Relet |
| Parking Spaces |
6 |
| Rent Escalators |
Step-Up Lease |
| Rent Escalators Description |
5% increase every 2 years |
| Rent Concession |
Negotiable |
Additional Details
| Nearest MSA: |
Lubbock |
| County: |
Lubbock |
| Taxing Authority: |
Lubbock County |
| Tax ID/APN: |
R58260 |
| Zoning: |
CB 5 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Convention, Other |
| Property Located Between: |
Ave Q and Ave L |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Mac Davis Lane |
| Feet of Frontage: |
300 |
| Highway Access: |
Ave Q, Marsha Sharp Freeway, |
| Airports: |
Preston Smith International |
| Site Description: |
Prime gateway property into Downtown revitalization project |
| Area Description: |
Be part of the newest redevelopment project in the City of Lubbock, TX a multi- billion dollar retail market in the South Plains of Texas LOCATED IN A TEXAS OPPORTUNITY ZONE |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
2,500 SF |
| Property Condition: |
Good |
| Year Built: |
1977 |
| Year Renovated: |
2015 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Exterior Description: |
Brick & Stucco |
| Total Parking Spaces: |
40 |
| Parking Ratio: |
40 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Paved |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Ceiling Units |
| Air Conditioning: |
Package Unit |
| Internet Access: |
DSL, T1/T3, Other |
| Interior Description: |
Typical wood stud and sheetrock |
| Zoning Description: |
ZONED CB 5 Gateway Retail - Subject to Design Standards for Landscaping and Building material and design approval by City |
| Part of Planned Development?: |
Yes |
| Lot Frontage: |
233 |
| Lot Depth: |
179 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
| Easements Description: |
ALLEY IS PRIVATELY OWNED - AVAILABLE FOR ADDITIONAL PARKING |
| Legal Description: |
Lot 1-A ,Block 6 Merritt & Wild Addtion , City of Lubbock, TX |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,321 |
75,875 |
165,432 |
| Median Age: |
27.77 |
28.55 |
31.19 |
| Households: |
4,069 |
26,481 |
62,532 |
|
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