2124 Broadway StLubbock, TX 79401

Property Details for 2124 Broadway St

Property size (Sq ft)

2,717 SF

Property type

Office properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5848

Longitude

-101.864

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