3721 50th St Lubbock, TX 79413-3913

Property Details for 3721 50th St

Year built

1985

Lot size

1.36 lot acres

Property size

11,430 SF

Zone code

38

Property type

Commercial real estate

APN

R60927

APU

R60927

Description

This exceptional redevelopment opportunity presents a 10,355-square-foot Class B office building situated on a 1.36-acre lot in Lubbock, Texas. The property, located at 3721 50th Street, boasts a prime location in a densely populated area, on the southeast corner of 50th Street and Memphis Avenue, near Indiana and Quaker Avenues, and adjacent to Sutherland's Home Base. The existing building, constructed in 1985, currently functions as a bank branch and features multiple private offices, open workspaces, a vault, break room, rear office suite, teller desk with drive-through, and a separate 1,075-square-foot storage building. The property is zoned NC - Neighborhood Commercial, offering flexibility for various uses. The asking price is $1,618,770. A partial sale option is available, involving a subdivision of the 59,137-square-foot tract. The northern 34,059-square-foot portion, including the 10,355-square-foot building, is offered for $1,242,600. The seller is open to a long-term lease agreement with the buyer should they wish to retain the seller as a tenant on the remaining southern portion of the property. 50th Street, a major east-west commercial artery, ensures high visibility and accessibility. This property presents a unique chance to capitalize on a high-density location and adapt the existing structure to suit a variety of office or retail needs. The potential for redevelopment makes this an attractive investment in a thriving Lubbock commercial area.

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Longitude

-101.896

Latitude

33.5481

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments