PROPERTY OVERVIEW
Investment Opportunity - This multi-tenant office/retail center is available for sale with multiple tenants including Premier Martial Arts , Trapped and Mail and More (starting June 1, 2021). This is an opportunity to invest in a well cared for building along a major thru road doesn't come available often in Lubbock. Conveniently located at 50th & Knoxville, this property is just West of 50th & Indiana Ave with a central Lubbock location.
PROPERTY HIGHLIGHTS
• Investment Opportunity
• 7.8% cap rate will increase to 9.2% with filled vacancy
• Excellent central Lubbock location
• Well-maintained property
OFFERING SUMMARY
Sale Price: $1,065,000
Cap Rate: 8.4%.
NOI : $91,065
Available SF: Fully Occupied
Lot Size: 30,600 SF
Year Built: 1975
Building Size: 7,776 SF
Renovated: 2010
Zoning: C-2: Local Retail District
Price / SF: $136.96
- Property Type
Retail, Office
- Total Building Size
7,776RSF
- Total Acres
0.7
- Building Class
B
- Property ID
1286870
