Downtown Retail/Office Space for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30587655
Property Subtypes: Free-Standing Building
Building Size (RSF): 77,350 SF
Gross Building Area: See Agent
Gross Land Area: 16,250 SF
Sale Price: $2,500,000
Unit Price: $32.32 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Building Name: Hemphill Wells
Sale Terms: Cash to Seller
Last Updated: 1/18/2022

Overview / Comments

The Historic Hemphill-Wells downtown building is now for sale! With beautiful architecture and original character, this property has been transformed from a 3 floor department store to one of a kind office space.

The Building has 3 floor levels, a mezzanine over the first floor and a basement that spans the building. The first floor has a large, mostly open concept with wooden vinyl plank floors through out. The mezzanine is also open to the first floor with an open concept. The bottom floor and mezzanine are perfect for retail or single tenant office use in the heart of downtown Lubbock - which is in the process of being revitalized.

The second and third floors are mostly office and not open air to the bottom floor and mezzanine. These floors would be perfect for office or administrative space. The building has three unique spiral slide fire escapes and there are large built in vault/ safes on the second and third floor levels.

This unique property is a must see!

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: Lubbock CAD
Tax ID/APN: R110231
Retail Clientele: General
Property Visibility: Fair
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 4
Property Condition: Fair
Year Built: 1950
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Passenger Elevators: 3
Freight Elevators: 1
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Legal Description: ORIG T LUBBOCK BLK 132 L 11-15

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,167 82,023 170,290
Median Age: 29.5 29.09 31.61
Households: 3,077 28,760 64,594


Photograph of Listing Agent

Jeremy Steen

West Texas CIE Member
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