For Sale
$495,000

2124 Broadway St Lubbock, TX 79401

Downtown Lubbock Office with Potential

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 2,717 square foot, Class C office building situated at 2124 Broadway Street in Lubbock, Texas, 79401. Currently operating at 50% occupancy, this multi-tenant property offers significant upside potential. The building, a converted house, boasts a prime location near downtown Lubbock and Texas Tech University, ensuring high visibility and convenient access. The interior features ample private office space, a dedicated conference room, and a functional kitchen area, catering to a variety of business needs. A key advantage is the inclusion of a separate 1-bedroom, 1-bathroom dwelling, ideal for supplemental income generation through short-term rentals (like Airbnb) or long-term leasing. The property is offered at an asking price of $495,000, translating to $182.19 per square foot. The lease type is NNN (Net, Net, Net), meaning tenants are responsible for property taxes, insurance, and maintenance, minimizing the owner's operational expenses. This presents a compelling opportunity for investors seeking a well-located, income-producing asset with the added benefit of a secondary rental unit. The property's strategic location and versatile layout make it an attractive option for a diverse range of businesses and investors. This is a rare chance to acquire a unique property in a thriving Texas market.

Highlights

  • 2,717 SF Class C office building in Lubbock, TX.
  • 50% occupancy with significant upside potential.
  • Prime location near downtown Lubbock and Texas Tech University.
  • Includes a separate 1-bedroom, 1-bathroom unit for supplemental income.
  • Asking price: $495,000 ($182.19/SF), NNN lease.

Property Details for 2124 Broadway St

Property type
Office properties
Square Feet
2,717 SF
Class
C
Units
2

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.5847885
Longitude
-101.8639348

FAQs

What type of property is this?
Office property - Downtown Lubbock Office with Potential
Where is the office property located?
The property is located at 2124 Broadway St Lubbock, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,717 SF Class C office building in Lubbock, TX.; 50% occupancy with significant upside potential.; Prime location near downtown Lubbock and Texas Tech University.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2124 Broadway St
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