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Mixed-Use Building with Rental Income
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407 M.l. King Jr. Boulevard, Lubbock, TX 79403

Three units plus rental fun-house with easy access.

Property Size6,864 SF
Price / SF$29.14
Days on Market1544

Property Features for 407 M.l. King Jr. Boulevard

General Information

Standard status Active
Size 6,864 SF
Property subtype Retail, Office
Zoning HC-Heavy Commercial

Building Details

Year Built 1964
Units 3
Listing Agency: Westar Commercial Realty
Listed By: Kevin Watt · License #TX 461347
Source: Crexi
Added: Jun 11, 2022 Changed: Aug 24 Last Checked: Aug 30 at 8:23PM

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 Westar Commercial Realty

Investment Insights

Based on property information with market context.

This commercial building consists of three units, each measuring 2,288 square feet, in addition to a 1,620-square-foot rental fun-house. The property offers convenient access from MLK Boulevard, Parkway, and the 5th Street Garage. One unit is currently leased. Another unit was formerly a barbershop. The remaining unit features a nicely finished office space.

Key Highlights

  • Three units, each 2,288 SF, offer substantial space.
  • Additional 1,620 SF rental fun‑house provides immediate income.
  • Easy access off MLK, Parkway, and 5th Street ensures convenient transportation.

Property Analytics

Current Use

Retail space

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

Demographics for 79403, TX

15,604
Population
6,530
Households
2.4
Avg Household Size
38
Median Age
11%
College-Educated
76%
High-School Grad
131.3 sq mi
ZIP Area
119
Density / Sq Mi
$45,343
Median Household Income
$27,431
Median Earnings
$946
Median Rent
$83,100
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?
Retail space - Three units plus rental fun-house with easy access.
Where is this retail space located?
The property is located at 407 M.l. King Jr. Boulevard Lubbock, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Three units, each 2,288 SF, offer substantial space.; Additional 1,620 SF rental fun‑house provides immediate income.; Easy access off MLK, Parkway, and 5th Street ensures convenient transportation.
(806) 797-3231 Call to check price and availability
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