302 Avenue O Lubbock, TX 79401
- Office Properties & Spaces
- 5,086 SF
- 0.18 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 302 Avenue O
- Year built
- 1965
- Lot size
- 0.18 lot acres
- Property size
- 5,086 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This well-maintained, 5,086 square foot Class C office building at 302 Avenue O in Lubbock, Texas, presents a compelling investment opportunity. Currently 100% occupied with a gross lease, this single-tenant property boasts updated features including fresh exterior paint and new vinyl plank flooring. The interior layout includes versatile office space, a conference room, a reception area, and open warehouse/workspace. The property is zoned IHC and sits on a 0.18-acre lot (APN R102938), offering convenient access to US-82 and Texas Tech University. Its prime location is directly across Marsha Sharp Freeway from the new Buddy Holly Hall of Performing Arts Building, providing excellent visibility and accessibility to I-27. Built in 1965, this building is ideally suited for medical or traditional office use. The property is situated within an Opportunity Zone, offering potential tax advantages. While this building is available for purchase independently, it can also be packaged with an adjacent 7.5 acres of vacant land (not included in this listing's price). The asking price is $350,000, translating to $65.98 per square foot. This represents a strong value proposition for investors seeking a stable, income-producing asset in a desirable Lubbock location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.853
- Latitude
- 33.594
