5120 29th Drive, Lubbock, TX 79407 | Listings

5120 29th Drive, Lubbock, TX 79407

  • $895,000
  • 7,640 sq ft
  • Commercial
  • Listing #201900556

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

Listing Details

Price$895,000
Property TypeCommercial
Listing #201900556
StatusActive
CountyLubbock
Listing TypeFor Sale
Property Taxes (Annual)$0

Interior Features

Square Feet7,640

Exterior Features

ExteriorBrick
FoundationSlab
Lot Size0.75 acres

Miscellaneous

MLS Area3
Garage Spaces0

Courtesy of Stephen Bearden, Lubbock Discount Realty

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This content last updated on 4/11/2021 10:25 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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