1401 Avenue M Lubbock, TX 79401
This meticulously maintained, 8,200 square foot, single-story office building is located in downtown Lubbock, Texas, at 1401 Avenue M, zip code 79401. Built in 2010 on a 0.746-acre lot, this one-owner property offers a turnkey solution for a professional user or an attractive NNN investment opportunity. The building features a private parking lot with 49 spaces, xeriscape landscaping, and a durable metal roof. The interior includes a welcoming waiting area, reception desk, and conference room, along with nine individual offices, a kitchenette, two restrooms, and a large storage room equipped with built-in storage racks. Its convenient downtown location provides easy access to major roadways including I-27/US-87 and US 62/82, offering excellent connectivity to south and west Lubbock. The asking price is $1,100,000, translating to $134.15 per square foot. This property represents a rare opportunity to acquire a well-maintained, established office building in a prime downtown location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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