1601 Vanda Ave - Assisted Livings FOR SALE


Lubbock, TX 79403
$220,000 USD
806-392-6839
1601 Vanda Ave, Lubbock, TX for Sale
$220,000 USD
Assisted Livings - FOR SALE
1/28
null | Request Cap Rate

1601 Vanda Ave
Lubbock, TX 79403


HIGHLIGHTS

  • Flexible Floor Plan with Numerous Private Rooms
  • Ample On-Site Parking
  • Excellent Highway Access
  • Value-Add/ Adaptive Reuse Opportunity

OVERVIEW

OWNER FINANCING AVAILABLE. Positioned with excellent access to major highways and key transportation corridors, this 8,638± square foot commercial property presents an exceptional value-add opportunity for investors, developers, healthcare operators, and owner-users seeking a flexible redevelopment asset. The existing floor plan features numerous private rooms, multiple common areas, administrative space, and a layout that lends itself to a variety of commercial and institutional uses. Potential redevelopment opportunities include assisted living, memory care, behavioral health, rehabilitation services, transitional or veterans housing, medical offices, educational facilities, workforce housing, nonprofit operations, or other specialty commercial uses, subject to zoning, licensing, and buyer verification. With a substantial building footprint, adaptable interior configuration, and strategic location, this property offers the opportunity to reposition an existing asset into a high-demand use. Its convenient highway access provides efficient connectivity for staff, clients, and service providers while supporting long-term operational success. Whether you’re expanding an existing portfolio, pursuing an adaptive reuse project, or seeking a commercial redevelopment opportunity, this property offers the size, flexibility, and location to bring your investment vision to life. Buyer to independently verify all property information, zoning, permitted uses, licensing requirements, and suitability for intended use.

FOR SALE DETAILS

PRICE

$220,000 USD

PRICE/SF

$25 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Continuing Care Retirement Com, Rehabilitation Center

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

C3/C2

APN/PARCEL ID

R48662

ASK ABOUT THIS PROPERTY

Rachel SmithKW LubbockMore Info
806-392-6839

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Rachel SmithKW LubbockMore Info
806-392-6839

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.