407 M.l. King Jr. Blvd Lubbock, TX 79403
- Retail properties
- 6,864 SF
Current Use by Public Records
- Retail properties
Property Details for 407 M.l. King Jr. Blvd
- Year built
- 1964
- Property size
- 6,864 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a three-unit executive office building located at 407 M.L.K. Jr. Boulevard in Lubbock, Texas, 79403. The property, situated on a 19,561 square foot lot (APN R83112), boasts a total building size of 6,864 square feet and features three units, each offering 2,288 square feet of net rentable space. An additional 1,620 square feet is designated as a rentable "fun-house," adding versatility to the property's income potential. Built in 1964, the building is zoned C4 and benefits from convenient access to MLK Boulevard, Parkway, and 5th Street. One unit is currently leased as a garage, another was previously a barbershop, and a third unit offers nicely finished-out office space. This property presents a unique blend of existing income and potential for further development or lease customization, making it an attractive investment in a thriving Lubbock location. The asking price is $200,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.818
- Latitude
- 33.5915
