For Sale
$495,000

2124 Broadway StLubbock, TX 79401

Downtown Lubbock Office with Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
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
2124 Broadway St, Lubbock, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2124 Broadway St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message