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5120 29th Drive, Lubbock, TX 79407
- $895,000
- 7,640 sq ft
- Commercial
- Listing #201900556








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
Price | $895,000 |
---|---|
Property Type | Commercial |
Listing # | 201900556 |
Status | Active |
County | Lubbock |
Listing Type | For Sale |
Property Taxes (Annual) | $0 |
Square Feet | 7,640 |
---|
Exterior | Brick |
---|---|
Foundation | Slab |
Lot Size | 0.75 acres |
MLS Area | 3 |
---|---|
Garage Spaces | 0 |
Courtesy of Stephen Bearden, Lubbock Discount Realty
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Estimated taxes and insurance are not included. Sales price from MLS. Mortgage calculator source: NextHome, Inc.