4416 74Th St Lubbock, TX 79424
- Medical offices
- 11,424 SF
Current Use by Public Records
- Lubbock Insulation / Insulation Contractor
- TAJ Hospitality Management / Property Management Company / Hotel
- Wisdom and Truth Wellness / Chiropractor / Acupuncturist
Property Details for 4416 74Th St
- Year built
- 1984
- Property size
- 11,424 SF
- Property type
- Medical offices
Description
This exceptional 11,424-square-foot medical office building, located at 4416 74th Street in Lubbock County, presents a compelling investment opportunity. Constructed in 1984 and extensively renovated in 2016, the property boasts a single-tenant occupancy, minimizing management complexities. The building features a single story and no elevators. The asking price is $1,600,000, translating to $140 per square foot. A new roof was installed in 2022, adding to the property's overall value and reducing future maintenance costs. The current lease rate stands at $12.50 per square foot, triple net (NNN). This property is ideally suited for an investor seeking a stable, single-tenant income stream from a well-maintained medical office building in a desirable Lubbock County location. The building's proximity to 74th Street ensures excellent visibility and accessibility. The comprehensive 2016 renovation ensures modern amenities and functionality, minimizing the need for immediate capital expenditures. This turnkey investment offers a strong return on investment with minimal operational overhead. Detailed information is available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.9081545
- Latitude
- 33.5275612
