2401 20th St Lubbock, TX 79411-1003

This exceptional investment opportunity presents a well-maintained, multi-tenant office building located at 2401 20th Street in Lubbock, Texas, 79411. The property, classified as a Class B Traditional Office building, encompasses 8,438 square feet and is currently 50% occupied. The asking price is $900,000, translating to a price per square foot of $106.66. The building boasts a strong net operating income (NOI) of $84,000, yielding an attractive 9.33% capitalization rate. The property is zoned for commercial use and offers ample parking with a 3:1 parking ratio. Two of the four office spaces are currently leased at $10 per square foot annually. This presents a solid foundation for immediate income generation and potential for future growth. Its strategic location on 20th Street, between University and Avenue X, places it in close proximity to Texas Tech University, ensuring a consistent demand for office space. Detailed financial information, including the rent roll, is available upon request. This is an ideal investment for those seeking a stable, high-return property in a thriving Texas market. The property is offered as a package deal, providing a streamlined acquisition process.