Listing Agency: The Powell Group l***@gmail.com Show Phone

Listed By: David Powell, CCIM · License #257988 Show Phone

Source: Moodyscre

Added: Sep 19, 2024 Changed: Aug 8 Last Checked: Aug 23 at 11:55AM

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Investment Insights

Based on property information with market context.

Located centrally off the corner of 50th Street and University Avenue in a well-established Lubbock location, this property offers an 11,668 square foot office building. The building could accommodate educational offices, individual professional suites, industrial uses, retail, or other needs. The facility includes front door parking with 23 spaces. It is located near commerce and retail areas, with easy access to nearby freeways and a short distance to Texas Tech University.

Key Highlights

• High‑traffic, central location at the corner of 50th St and University Ave.
• Priced below land value.
• Large 11,668 sq ft office building suitable for various uses.

Property Analytics

Property Profile

Current Use

Digital Impact Designs Marketing & Advertising Dr. Gaylon B. ... Physician Plains Diagnostics Physician Michael Shobe Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Restaurant Spa & Massage Center

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

680

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Centrally located office building with high traffic and accessibility.

Where is this office building located?

The property is located at 5009 University Ave Lubbock, TX.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: High‑traffic, central location at the corner of 50th St and University Ave.; Priced below land value.; Large 11,668 sq ft office building suitable for various uses.