5120 29th, Lubbock, TX 79407

$895,000
List Price
$895,000
Price Change
▼ $85,000 1601684524
Closing Date
1800-01-01 00:00:00
MLS#
201900556
Status
ACTIVE
Type
Commercial
Lot Size
32,572
County
Lubbock
City
Lubbock
Legal Description
DAVIDSON L 4 5

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

Additional Information

Exterior
Brick
Foundation
Slab

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Lubbock Discount Realty.