Description
This well-maintained 19,025 sf building on Lubbock's South Loop is for sale below the appraised "as-is" value of $2,330,000. Renovated in 2018, this property would make an excellent owner-occupied office or investment property once backfilled at market rental rates. The property has excellent visibility and access from the loop, which sees over 60,000 vehicles per day. The property is zoned "C-2" and can accommodate a variety of office or retail uses. It is located outside of the FEMA flood zone. The owner currently occupies 15,000 sf of the property and will require a leaseback of 6 to 12 months after closing. The 4,000 sf unit is leased through July 2024. Financial information is available upon request. The 15,000 sf unit is also available for lease at $15.00/sf/yr + NNN.
Location
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale. Steadfast Realty Agent shall not be responsible or liable for typographical errors, misprints, or misinformation contained in data provided by the Lubbock Association of REALTORS®. Square footage on any portion of this web site may be an estimate and should be independently verified. Property data is courtesy of the Lubbock Realtors Association multiple listing service. Updated: 25th March, 2023 5:19 PM (UTC)
Listing Agent: Landon Cole
Listing Office: RE/MAX Lubbock
