1306 16Th St Lubbock, TX 79401
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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