Description
Single-Tenant Retail Investment Available For Sale Now! Sale Price: $153,985.40 (10% CAP) Currently rented for $1,600/month to a local massage parlor tenant until April 30, 2028 (5-year lease) Building Size: 2,590 SF; Lot Size: 4,419 SF The property is located halfway between University Ave and Ave Q on 34th Street. On one of Lubbock's busiest streets with plenty of commercial activity, single-family homes, and multi-family apartments, this building is located right in the action of Lubbock. Lease Details Term: March 10, 2023 - April 30, 2028 (lease auto-renews afterwards for one-year terms with 10% rent increases) Property Owner responsible for real estate taxes & real estate insurance Tenant responsible for maintenance
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0BEDS
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0.1ACRES
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0BATHS
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01/2 BATHS
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2,590SQFT
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$58$/SQFT
School Ratings & Info
Description
Single-Tenant Retail Investment Available For Sale Now! Sale Price: $153,985.40 (10% CAP) Currently rented for $1,600/month to a local massage parlor tenant until April 30, 2028 (5-year lease) Building Size: 2,590 SF; Lot Size: 4,419 SF The property is located halfway between University Ave and Ave Q on 34th Street. On one of Lubbock's busiest streets with plenty of commercial activity, single-family homes, and multi-family apartments, this building is located right in the action of Lubbock. Lease Details Term: March 10, 2023 - April 30, 2028 (lease auto-renews afterwards for one-year terms with 10% rent increases) Property Owner responsible for real estate taxes & real estate insurance Tenant responsible for maintenance
© 2023 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-06-04T23:59:08.177.