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Two-Story Office Building with Basement
For Sale
Contact for pricing

1001 Texas Ave, Lubbock, TX 79401

Updated building systems and separate parking areas support owner-user or flexible multi-suite occupancy.

Property SizeContact for details
Days on Market144

Property Features for 1001 Texas Ave

General Information

Standard status Active
Property subtype Office
Listing Agency: Coldwell Banker Commercial Capital Advisors
Listed By: Jef Conn · License #TX
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 2:09PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Capital Advisors

Investment Insights

Based on property information with market context.

This office property includes two above-grade floors, a basement, and parking distributed across two separate lots. The configuration can serve a single occupant or be organized for leasing by floor or by individual suites. Building improvements include updates to most HVAC, electrical, mechanical, and roofing systems, with a new roof completed in Summer 2022.

The property is located at 1001 Texas Ave in downtown Lubbock. One parking area is positioned north of the building, while additional parking is available across the street at the former Bank of America teller drive-thrus. The combination of office space, basement area, and separately located parking provides a practical setup for both direct occupancy and multi-suite use.

Key Highlights

  • Two‑story office building with basement
  • New roof completed in Summer 2022
  • Most HVAC, electrical, mechanical, and roofing systems updated

Property Analytics

Current Use

Young Professionals of Lubbock Charitable Organization Gicon Pumps & Equipment ... Corporate Office Texas Criminal Defense ... Law Firm Mayfield Crutcher & Sharpee Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Pet Store Gym & Fitness Center Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,846
Businesses Nearby

Demographics for 79401, TX

8,775
Population
4,813
Households
1.8
Avg Household Size
26
Median Age
26%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
3,510
Density / Sq Mi
$27,255
Median Household Income
$20,570
Median Earnings
$1,048
Median Rent
$101,500
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Updated building systems and separate parking areas support owner-user or flexible multi-suite occupancy.
Where is this office building located?
The property is located at 1001 Texas Ave Lubbock, TX.
What are key features of this property?
This property features: Two‑story office building with basement; New roof completed in Summer 2022; Most HVAC, electrical, mechanical, and roofing systems updated
(806) 784-3216 Call to check price and availability
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