1601 Vanda AveLubbock, TX 79403

Property Details for 1601 Vanda Ave

Year built

1964

Lot size

0.40 AC

Property size (Sq ft)

8,638 SF

Zone code

9938

Property type

Commercial real estate

APN

R48662

APU

R48662

Description

This 8,638 square foot Class C medical office building at 1601 Vanda Ave, Lubbock, TX 79403, is available for sale for $325,000. Previously used as a 41-bed assisted living facility, this property offers over 20 rooms and presents a unique investment opportunity. The building, constructed in 1964, sits on commercially zoned land and is currently vacant. Its versatile layout allows for adaptation to various uses, including medical offices, general office space, or even multi-family conversion (subject to necessary permits and approvals). The property boasts ample parking and benefits from a convenient location near major highways and Lubbock Preston Smith International Airport, ensuring excellent accessibility. The sale is a sale/leaseback opportunity, and the lease type is NNN. This property is being offered as-is by the owner. The building's size and layout provide significant potential for a variety of commercial ventures. Interested parties should conduct their own due diligence to verify all aspects of the property and its suitability for their intended use.

• Alternative Use

  Use

  Valuation

  Residential

  $1,466,852

  Hospitality

  $1,343,629

  Educational

  $1,117,883

  Medical

  $1,156,329

  Retail

  $1,738,930

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5811

Longitude

-101.813

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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