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5120 29th Drive

Lubbock, TX 79407
  • $895,000
  • STATUS: Active
  • ON SITE: 1000 Days
  • MLS #: 201900556
UPDATED: 28 min ago
$895,000
  • 0
    BEDS
  • 0.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
302
Type:
Commercial
County:
Area:
3

School Ratings & Info

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

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© 2021 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-10-15T16:58:59.423.
www.duncanhomesearch.com/homes/91022564
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5120 29th Drive Lubbock, TX 79407

  • Price: $895,000
  • Status: Active
  • Updated: 28 min ago
  • MLS #: 201900556
0
Beds
0
Baths
0
½ Baths
0.75
Acres
Neighborhood:
302
County:
Lubbock
Area:
3
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
Exterior Features

Construction Exterior Brick Foundation Details Slab Garage Spaces 0 Number Of Floors 0 Number Of Overhead Doors 0 Number Of Parking Spaces 0

Interior Features

Ceiling Height 0

Property Features

Crops No Living Area Source Seller Lot Size Source (Tax Data) Minerals Available No Occupied Yes Office Type Flex SpaceOffice BuildingMixed UseExecutive SuitesMedical Property Sub Type Office Proposed Financing CashConventional Security Deposit 0 Specific Use No Tax Annual Amount 0 Wells 0

Listing provided courtesy of Stephen Bearden of Lubbock Discount Realty. Listing information © 2021 Lubbock Association of REALTORS® MLS.


© 2021 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-10-15T16:58:59.423.
 
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Duncan Realty Group | Keller Williams Realty
10210 Quaker Ave
Lubbock TX, 79424