5220 75Th StLubbock, TX 79424
- Other commercial real estate
- 2,990 SF
Property Details for 5220 75Th St
- Year built
- 1987
- Lot size
- 0.34 AC
- Property size (Sq ft)
- 2,990 SF
- Zone code
- 38
- Property type
- Other commercial real estate
- APN
- R131060
- APU
- R131060
Description
This freestanding Class B office building, situated on a 14,814 sq ft lot in South Lubbock, presents a compelling investment opportunity. Built in 1987, the 2,990 sq ft building is ideally suited for a variety of professional and medical uses. Currently configured as a daycare, the adaptable floor plan includes nine individual offices, a spacious open work area, multiple restrooms, a kitchen, and ample storage. The property boasts a large fenced outdoor area, offering potential for expansion or additional parking. Its prime location, one block west of Slide Road on 75th Street, places it within a high-density area near other office buildings, multi-family residences, and single-family homes in Lubbock, Texas, zip code 79424. The asking price is $527,360. This property offers significant potential for return on investment due to its versatile layout, desirable location, and ample outdoor space. The building's existing infrastructure provides a solid foundation for immediate occupancy or future renovations to suit specific business needs. The property's location within a thriving community ensures high visibility and accessibility for clients and employees. This is an exceptional opportunity to acquire a well-maintained, versatile commercial property in a rapidly growing area of Lubbock.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $507,743
- Hospitality
- $465,090
- Educational
- $386,950
- Medical
- $400,257
- Retail
- $601,922
Location Insight
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Latitude
- 33.5263
- Longitude
- -101.925
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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