3303 67th St - Office FOR SALE


Lubbock, TX 79413- Caprock
$2,400,000 USD
806-215-7023
3303 67th St, Lubbock, TX for Sale
$2,400,000 USD
Office - FOR SALE
1/3
null | 8% Cap Rate

3303 67th St
Lubbock, TX 79413
Caprock


HIGHLIGHTS

  • Offered at $2,400,000
  • Two-building office portfolio totaling 16,173 SF
  • Strong in-place income with 3303 67th St 100% occupied
  • Value-add opportunity with 3309 67th St at 54% occupancy
  • Renovated in 2017 (new flooring and paint)
  • Shared parking lot with ample parking

OVERVIEW

3303 & 3309 67th St – Office Investment Opportunity | $2,400,000 Two well-maintained office buildings located just off South Loop 289 and Indiana Ave, offering strong accessibility in one of Lubbock’s primary commercial corridor. 3303 67th St consists of 7,199 SF situated on 0.94 AC and is 100% occupied, providing stable in-place income. 3309 67th St consists of 8,974 SF situated on 0.96 AC and is currently 54% occupied, offering immediate lease-up upside. The properties share a parking lot, providing ample parking for tenants and visitors. Both buildings were renovated in 2016 with updated flooring and paint, creating a clean, modern office environment. This is an excellent opportunity for an investor seeking a stabilized asset with additional value-add potential through increased occupancy.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3303 & 3309 67th St

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

Neighborhood Commercial

APN/PARCEL ID

R132732

ASK ABOUT THIS PROPERTY

Carrigan WilliamsMcDougal Commercial PropertiesMore Info
806-215-7023

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Carrigan WilliamsMcDougal Commercial PropertiesMore Info
806-215-7023

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