Kevin & Karen Miller

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5120 29th Drive, Lubbock, TX 79407 | Listings

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5120 29th Drive, Lubbock, TX 79407

  • $895,000
  • 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

Exterior Features

FoundationSlab
Lot Size0.75 acres

Miscellaneous

MLS Area3
Garage Spaces0.00
Measurement SourceSeller

Courtesy of Stephen Bearden, Lubbock Discount Realty

812021619Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2022 Lubbock Association of REALTORS®.
This content last updated on 1/19/2022 9:16 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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