Office Building for Sale

Office for Sale
Catylist Listing ID: 30715946
Property Subtypes: Office Building
Building Size (RSF): 3,974 SF
Gross Land Area: 18,191 SF
Sale Price: $720,000
Unit Price: $181.18 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Lakewood
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/15/2021

Overview / Comments

Recently-constructed freestanding office building for sale that is suitable for an owner-occupant and/or tenant occupancy. A lease is currently pending for Suite 130, leaving 2,500 sq. ft. available for tenant or owner occupancy. The space available for owner or tenant occupancy is currently built out with rustic and/or industrial elements and features a reception area, five offices, conference room, an open bullpen area suitable for systems furniture, multiple storage closets and two ADA-compatible restrooms.

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Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R329451
Zoning: GO - GARDEN OFFICE
Property Located Between: 98th Street and 114th Street
Property Visibility: Excellent
Area Description: Located on the west side of Frankford Avenue, a heavily-traveled North-South commercial thoroughfare, between 98th Street and 114th Street in Southwest Lubbock.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2017
Zoning Description: GO - Garden Office

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,976 52,591 138,448
Median Age: 35.48 39.39 34.78
Households: 1,860 21,664 56,117
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