2405 114th St Lubbock, TX 79423-7215
- Office buildings
- 5,000 SF
- 0.62 lot acres
Apr 22, 2021
Current Use by Public Records
- Texas AirSystems / Hvac Contractor
- Che Inc / Construction
Property Details for 2405 114th St
- Year built
- 1984
- Lot size
- 0.62 lot acres
- Property size
- 5,000 SF
- Zone code
- 19
- Property type
- Office buildings
- APN
- R47017
- APU
- R47017
Description
This exceptional Class A office building, located at 2405 114th St in Lubbock, Texas, presents a unique investment opportunity. The property boasts a total of 9,950 square feet, encompassing 6,750 square feet of meticulously renovated office space and 3,200 square feet of warehouse space. The modern office area features a blend of private offices, open workspaces, a spacious conference room, a well-equipped break room, restrooms, and substantial storage. A state-of-the-art HVAC system ensures year-round comfort. The warehouse component is strategically designed with two 14-foot and one 12-foot overhead doors, facilitating efficient loading and unloading. High-speed fiber internet connectivity is a key feature. Situated on a 0.62-acre lot outside city limits, the property includes attractive landscaping and operates on a well and septic system. Built in 1984 and extensively renovated in 2020, this dual-building property is zoned for its current use and is offered at an asking price of $2,250,000 ($226.13 per square foot). The property is currently vacant, presenting immediate occupancy potential for a wide range of businesses. The property's location in Lubbock County, Texas, offers easy access to major transportation routes and amenities. This is a turnkey opportunity for an investor seeking a high-quality, well-maintained commercial property in a desirable location. The APN is R47017.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $310,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $246,000
Market price range: $230k - $714k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $505,000 Current use
- RESTAURANT
- $510,000 Change: +1% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $465,000 Change: -8% Conversion: Easy
- AUTO REPAIR, GARAGE
- $440,000 Change: -13% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.868
- Latitude
- 33.4903
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA