3403 73rd St - Office FOR SALE


Lubbock, TX 79423- Kings Park
$820,000 USD
806-577-5595
3403 73rd St, Lubbock, TX for Sale
$820,000 USD
Office - FOR SALE
1/19
null | 5.08% Cap Rate

3403 73rd St
Lubbock, TX 79423
Kings Park


HIGHLIGHTS

  • 18 tenants with room to increase rents
  • South Central Lubbock location
  • Value add property

OVERVIEW

The Town South Office Building is home to 18 tenants in a total of 9,717 square feet. The office mix is made up of 11 individual offices and 7 suites. The suites range in size from 400 square feet to 800 square feet. The building has 2 entrances with a common area/lobby and kitchen/break room. The parking lot has 34 spaces and the building is located in a prime area for small businesses. Currently leased to tenants with businesses that include, counseling, attorneys at law, insurance adjusting, engineering and ideal for anyone starting up their business or looking for a small space. The gross rents total $104k and have room to increase after a remodel. This investment has incredible upside with neighboring co-working space leasing for upwards os $45-$60/sf gross rents. Amazing traffic in this location of 37,650 in traffic count.

FOR SALE DETAILS

PRICE

$820,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

5.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Town South

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

Office

APN/PARCEL ID

R55512

ASK ABOUT THIS PROPERTY

Doug DuncanREAL CommercialMore Info
806-577-5595

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Doug DuncanREAL CommercialMore Info
806-577-5595

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