6603 Utica AveLubbock, TX 79414

Property Details for 6603 Utica Ave

Year built

2002

Lot size

0.26 AC

Property size (Sq ft)

2,812 SF

Property type

Office buildings

APN

R169674

APU

R169674

Description

This single-story, 2,812 square foot Class B office building, constructed in 2002, presents a compelling investment opportunity in Lubbock, Texas. Located at 6603 Utica Ave, Lubbock, TX 79414 (APN R169674), this property is zoned High Density Residential (HDR) and features a multi-tenant configuration. The building comprises one structure with a total of 2,812 square feet. Currently, at least one suite of 909 square feet is available for lease or sale. Each suite within the building is designed for optimal functionality, incorporating two or three private offices, a dedicated file room or storage area, and shared access to a kitchenette/break room and restrooms. The efficient layout and adaptable design make this property suitable for a variety of professional or business uses. This is an excellent opportunity to acquire a well-maintained, multi-tenant office building in a thriving Lubbock County location. The property's single-story design offers easy accessibility and convenient functionality. Further details regarding lease or sale options are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $417,185

  6.5%

  $385,094

  7%

  $357,587

• Comparable approach

  Method

  Valuation

  Relative Method

  $250,876

  Geo Method

  $338,340

• Alternative Use

  Use

  Valuation

  Residential

  $477,517

  Hospitality

  $437,403

  Educational

  $363,914

  Medical

  $376,429

  Retail

  $566,088

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5337

Longitude

-101.913

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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