Skip To Content

    5120 29th Drive

    Lubbock, TX 79407
    • $895,000
    • STATUS: Active
    • ON SITE: 980 days
    • MLS #: 201900556
    UPDATED: 22 min ago
    $895,000
    • 0
      BEDS
    • 0.75
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    302
    Type:
    Commercial
    County:
    Area:
    3

    School Ratings & Info

    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

    Monthly Payment Calculator



    © 2021 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: 2021-09-25T20:58:56.483.
    www.raftercrossrealty.com/homes/91022564
    Print Image

    5120 29th Drive Lubbock, TX 79407

    • Price: $895,000
    • Status: Active
    • Updated: 22 min ago
    • MLS #: 201900556
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.75
    Acres
    Neighborhood:
    302
    County:
    Lubbock
    Area:
    3
    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
    Exterior Features

    Construction Exterior Brick Foundation Details Slab Garage Spaces 0 Number Of Floors 0 Number Of Overhead Doors 0 Number Of Parking Spaces 0

    Interior Features

    Ceiling Height 0

    Property Features

    Crops No Living Area Source Seller Lot Size Source (Tax Data) Minerals Available No Occupied Yes Office Type Flex SpaceOffice BuildingMixed UseExecutive SuitesMedical Property Sub Type Office Proposed Financing CashConventional Security Deposit 0 Specific Use No Tax Annual Amount 0 Wells 0

    Listing provided courtesy of Stephen Bearden of Lubbock Discount Realty. Listing information © 2021 Lubbock Association of REALTORS® MLS.


    © 2021 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: 2021-09-25T20:58:56.483.
     
    https://bt-photos.global.ssl.fastly.net/lubbock/1280_boomver_2_201900556-2.jpg https://bt-photos.global.ssl.fastly.net/lubbock/1280_boomver_2_201900556-2.jpg https://bt-photos.global.ssl.fastly.net/lubbock/1280_boomver_2_201900556-2.jpg
    Logo
    Rafter Cross Realty
    822 South Main Street, P.O. Box 8
    Lovington NM, 88260