For Sale
$400,000

307 Frankford AveLubbock, TX 79416

Medical Office Building, Lubbock, TX

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 3,300 square foot medical office building presents a compelling investment opportunity in Lubbock, Texas. Located at 307 Frankford Ave, in North Lubbock, near the intersection of 4th and Frankford, this single-tenant Class B property boasts a prime location. Built in 2000 and extensively renovated in 2023, the building is ideally suited for its current use as a sleep center. The property features ample parking with 23 spaces available for patients and staff. The 0.43-acre lot provides ample space for future expansion or outdoor amenities. The asking price is $400,000, translating to $121.21 per square foot. This is a NNN lease, meaning the tenant is responsible for property taxes, insurance, and maintenance, minimizing the owner's operational expenses. The single-tenant occupancy ensures a streamlined management process and predictable income stream. This turnkey investment is ready for an immediate return, offering a rare opportunity to acquire a well-maintained, recently renovated medical office building in a thriving Lubbock neighborhood. The property's strategic location and recent renovations make it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. This is a truly exceptional opportunity to own a piece of Lubbock's growing healthcare sector.

Highlights

  • Medical office building for sale in Lubbock, TX.
  • Recently renovated in 2023.
  • Excellent North Lubbock location near 4th and Frankford.
  • 3,300 square foot building with 23 parking spaces on a 0.43-acre lot.

Property Details for 307 Frankford Ave

Property type
Office properties, Medical offices
Square Feet
3,300 SF
Class
B
Year Built/Renovated
2000/2023
Stories
1
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.5941304
Longitude
-101.9385771
307 Frankford Ave, Lubbock, Texas

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307 Frankford Ave
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