7727 Quaker Ave Lubbock, TX 79424
- Commercial real estate
- 8,163 SF
- 0.78 lot acres
Current Use by Public Records
- Cobb, Fendley & Associates, Inc. / Engineering Consultant
- Mcclendon Sarah / Employment Agency
- Metro Health Care / Nursing Home
- Advanced Home Health / Home Health Care Service
- Kelly Plasker, Realtor / Real Estate Agency
Property Details for 7727 Quaker Ave
- Year built
- 1992
- Lot size
- 0.78 lot acres
- Property size
- 8,163 SF
- Zone code
- 38
- Property type
- Commercial real estate
- APN
- R37963
- APU
- R37963
Description
This exceptional 8,200-square-foot office building presents a compelling opportunity for both owner-occupants and investors. Situated at the high-traffic intersection of 78th Street and Quaker Avenue in Lubbock, Texas, this property boasts unparalleled visibility and accessibility. Currently, the building enjoys 50% occupancy by a reputable tenant, leaving over 4,000 square feet of readily available space. This flexible space is perfect for a business seeking expansion or an investor aiming to secure strong rental income. The 0.78-acre lot provides ample parking for tenants and visitors, a significant advantage in this busy commercial corridor. The building's location within one of Lubbock's most desirable commercial hubs ensures high visibility and easy access for clients and employees. This is a rare chance to acquire a substantial property in a thriving area, offering a blend of immediate income potential and long-term growth prospects. The asking price is $2,300,000. This property is ready for immediate occupancy or lease, making it an attractive option for a variety of business needs. Don't miss this chance to secure a prime commercial asset in a rapidly developing area of Lubbock.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $395,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $794,000
Market price range: $292k - $794k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $530,000 Current use
- RESTAURANT
- $815,000 Change: +53% Conversion: Difficult
- OFFICE BUILDING
- $755,000 Change: +42% Conversion: Easy
- AUTO REPAIR, GARAGE
- $720,000 Change: +35% Conversion: Difficult
- WAREHOUSE, STORAGE
- $430,000 Change: -19% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.904
- Latitude
- 33.5231
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA