Price Reduction
Address
5120 29Th Drive Lubbock, TX
Price
$ 895,000
Property Attributes
  • MLS#201900556
  • TypeCommercial
  • CountyLUBBOCK
  • CityLubbock
  • Area3
  • Neighborhood302
  • Zip79407
  • StyleOffice
  • Price$ 895,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7640
  • Lot Size0.75 Acres
Listing Provided Courtesy Of:
Lubbock Discount Realty
Property Description

7,640 SF +/- Total building space for sale. Close to new Lubbock Adventure Park, Lubbock Aquarium and proposed other developments! Plenty of parking! 4 suites with 7 total bathrooms. Property can be divided up into smaller units. Great for office, medical, government, executive offices and more! Other updates: Owners are currently adding backlit led signs!! -The two old silver water storage tanks by Adventure Park are scheduled to be demolished within 1 year's time. Current Total Rental Income: $5,222.25/mo* from just 61% occupancy. Potential total rent with 100% occupancy is $8,561/mo. (*Uses Ste A's 5 yr lease average of $1806. Inquire for more info.) ***Individual suites for sale***:A. 1970 SF. $275K $1806*/mo rental income (averaged over 5yr lease) B. 1250 SF. $190K. $1050/mo rental income C. 1425 SF. $210K. $1975/mo rental income D. 2995 SF. $399K Available for lease

Price History
1/18/2019 Listed $1,200,000
9/18/2019 19% - $980,000
10/2/2020 9% - $895,000

General Features

Ceiling Height 0.0
County Lubbock
Crops No
Price Per Square Foot 117.15
Property SubType Office
Property Type Commercial Sale
Security Deposit 0.00
Subdivision Name 302
Tax Annual Amount 0.00

Interior Features

Living Area 7640.00

Exterior Features

Exterior Construction Brick
Foundation Details Slab
Lot Size Acres 0.75
Lot Size Source (Tax Data)
Lot Size Square Feet 32572.00
Price Per Acre 1196844.08

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 79407

Price
AVG $620K
$900K
Visits
AVG 12
17

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