302 Avenue OLubbock, TX 79401

For Sale
$350,000

Lubbock, TX Office Building - $350K

Overview

Added:
Dec 11, 2024
Days on market:
93
This well-maintained, 5,086 square foot Class C office building at 302 Avenue O in Lubbock, Texas, presents a compelling investment opportunity. Currently 100% occupied with a gross lease, this single-tenant property boasts updated features including fresh exterior paint and new vinyl plank flooring. The interior layout includes versatile office space, a conference room, a reception area, and open warehouse/workspace. The property is zoned IHC and sits on a 0.18-acre lot (APN R102938), offering convenient access to US-82 and Texas Tech University. Its prime location is directly across Marsha Sharp Freeway from the new Buddy Holly Hall of Performing Arts Building, providing excellent visibility and accessibility to I-27. Built in 1965, this building is ideally suited for medical or traditional office use. The property is situated within an Opportunity Zone, offering potential tax advantages. While this building is available for purchase independently, it can also be packaged with an adjacent 7.5 acres of vacant land (not included in this listing's price). The asking price is $350,000, translating to $65.98 per square foot. This represents a strong value proposition for investors seeking a stable, income-producing asset in a desirable Lubbock location.

Highlights

  • 5,086 SF Class C office building in Lubbock, TX.
  • 100% occupied with a gross lease; single-tenant.
  • Updated features include fresh exterior paint and new vinyl plank flooring.
  • Versatile office space, conference room, reception area, and open warehouse/workspace.
  • 0.18-acre lot (APN R102938), zoned IHC, near US-82 and Texas Tech University.
  • Excellent visibility across from Buddy Holly Hall, accessible to I-27.

Property Details for 302 Avenue O

Property type
Other office properties, Medical offices
Square Feet
5,086 SF
Class
C
Year Built
1965
Buildings
1
Lot Size (sq. ft)
7,841 SF

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.5940213
Longitude
-101.8527835
302 Avenue O, Lubbock, Texas

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302 Avenue O
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