1502-1508 34th St | Lubbock, TX 79411
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1502-1508 34th St
Lubbock, TX 79411
American Council of the Blind · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Double Net Retail Property With 4+ Years Remaining
- Strong Location in a Dense Residential, Retail, and Education Corridor Near Multiple Schools and Local Retail Tenants
- 2 Miles From Texas Tech University, a Major Public University With Over 42,000 Students and Staff | NCAA Division I Athletics
- Minimal Landlord Responsibilities, Tenant Reimburses 100% of Taxes
- Just Off of Interstate 27 (54,600 Vehicles Per Day) and US-84 (17,400 Vehicles Per Day), 2 Miles From Downtown Lubbock
- Lubbock is the Largest Metropolitan Area in the Western Texas/East New Mexico Region
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,300 SF
Building Class
C
Year Built
1961
Price
$875,000
Price Per SF
$39
Cap Rate
7.54%
NOI
$66,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.66
Lot Size
0.77 AC
Zoning
Commercial
Parking
50 Spaces (2.24 Spaces per 1,000 SF Leased)
Frontage
354 FT on 34th St
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $549,455 | |
| Land Assessment | $70,140 | Total Assessment | $619,595 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$70,140
Improvements Assessment
$549,455
Total Assessment
$619,595
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