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Property profile & analytics
OFF-MARKET
Office Spaces

1306 16Th St Lubbock, TX 79401

4,356 SF Built 1948
Property ID
US82-2818986
Property summary
AI-generated overview

This charming 4,356 square foot single-tenant office building, constructed in 1948, presents a unique opportunity in downtown Lubbock, Texas. Located at 1306 16th Street, this one-story building sits on a lot with substantial outdoor space, both front and back. The property is zoned MU-3 and offers ample parking available for lease at a rate of $14.00 per square foot. Utilities are the responsibility of the tenant. The building is currently configured as a single office space, but its layout allows for flexibility. The presence of two exterior doors on the east end suggests the potential for division into as many as three separate suites, each suitable for a small office. The owner is open to considering creative uses for the property, such as an art gallery or wine bar, reflecting its character and location. A lease term of 3-5 years is preferred. This Lubbock County property offers a blend of historic charm and modern adaptability, making it an attractive option for a variety of businesses.

Property profile
Verified
Property type Office Spaces
Year built 1948
Total area 4,356 SF
UPID US82-2818986
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Condra Law Firm - The Adoption Lawyer Law Firm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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