4416 74Th StLubbock, TX 79424

Property Details for 4416 74Th St

Year built

1984

Property size (Sq ft)

11,424 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional 11,424-square-foot medical office building, located at 4416 74th Street in Lubbock County, presents a compelling investment opportunity. Constructed in 1984 and extensively renovated in 2016, the property boasts a single-tenant occupancy, minimizing management complexities. The building features a single story and no elevators. The asking price is $1,600,000, translating to $140 per square foot. A new roof was installed in 2022, adding to the property's overall value and reducing future maintenance costs. The current lease rate stands at $12.50 per square foot, triple net (NNN). This property is ideally suited for an investor seeking a stable, single-tenant income stream from a well-maintained medical office building in a desirable Lubbock County location. The building's proximity to 74th Street ensures excellent visibility and accessibility. The comprehensive 2016 renovation ensures modern amenities and functionality, minimizing the need for immediate capital expenditures. This turnkey investment offers a strong return on investment with minimal operational overhead. Detailed information is available upon request.

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5276

Longitude

-101.908

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