42
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$699,000
Est. payment /mo
7,240 SqFt
New
5217 50th Street Lubbock, TX 79414
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,240 sqft
Price per Sqft $96
MLS Listing ID 202613587
Year Built 1973
Annual Tax Amount $8,405
Lot Size 0.562 Acres
Acres 0.56
Property Sub-Type Mixed Use
Source Lubbock Association of REALTORS®
Property Description
Owner-user opportunity with built-in rental income and room to grow. This 7,240 SF multi-use commercial building in Lubbock offers a rare chance to operate your own business while tenants help carry the property. The sale also includes a separate 0.5-acre commercial parking lot with future development potential. The building currently houses a flower shop (approx. 1,100 SF) on a triple-net lease and a salon (approx. 4,140 SF) operating with booth-rental income. The remaining approx. 2,000 SF is vacant and ready for your business, or for a new tenant. The space has previously leased for $1,840 per month plus utilities and a 25% share of property tax. Also included in the sale is a separate 0.5-acre parcel, currently used as parking and located in a commercial area. It provides ample customer and tenant parking today and a prime opportunity for future development. Whether you expand, add a pad site, or build for additional income, the extra land gives you flexibility that most properties in this price range don't offer.
Location
State TX
County Lubbock
Area 3
Rooms
Basement Basement
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Exterior
Parking Features Alley Access, Oversized, Asphalt, Parking Lot
Building
Lot Description Landscaped, Paved
Story 1
Foundation Slab
New Construction No
Others
Tax ID R25618
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Reside Real Estate Co.
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