2402 52Nd St Lubbock, TX 79412

Community Plaza, located at 2402 52nd St, Lubbock, TX 79412, presents a unique investment opportunity. This single-story, 15,600 square foot Class C office building, built in 1980 and renovated in 1998, sits on a 71,542 square foot lot. The property boasts 15 self-contained office spaces, each featuring private entrances, restrooms, and HVAC systems. The building offers 56 surface parking spaces, including two handicap-accessible spots. The property benefits from a central Lubbock location, just one block east of the university, ensuring convenient access and high visibility. The building features an 8-foot ceiling height, stucco exterior over cement block construction, and a gable roof. Utilities include municipal water and sewer services, and high-speed fiber optic internet access is available. The property is zoned AM (Apartment Medical) and includes a cell tower land lease on the northwest corner, adding a significant revenue stream. The asking price is $725,000, representing a price per unit of $43.27. The average occupancy rate is 80%. The lot dimensions are approximately 224 feet of frontage and 332 feet in depth. This property is ideal for an investor seeking a stable, income-producing asset in a desirable Lubbock location.