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2429 34th St

3,360 SF 49% Leased Retail Building Lubbock, TX 79411 $336,000 ($100/SF)

Investment Highlights

  • Fully gutted and remodeled in 2021, with a brand new roof
  • Plenty of warehouse / storage space
  • Separate office suite with a large conference room perfect for business meetings

Executive Summary

For Sale / Lease: Building available right off of 34th and University
Lease Options:
Unit A or B: 1,680 square feet: $2,000/month (gross modified lease) ($14.29 / foot)
Unit A + Unit B: 3,360 square feet: $3,000/month (gross modified lease) ($10.72 / foot)
Sale Options: Purchase this building for $336,000. Seller financing available.
Lot Size: 6,048 square feet; Building Size: 3,360 square feet
Description: This building was fully gutted and remodeled. When you enter the lobby, there is a large suite to the right side. On the left side, is a large room. Towards the rear, is a large warehouse / working space with two fully-updated restroom. Everything inside is brand new. This can easily be retrofitted for your business’s needs.
Proposed Use: Office, retail, studio, warehouse/storage.
Location Description: Sitting right on 34th and University, this property is 1 mile away from Texas Tech University. Neighbors consist of other well-established local businesses, including Toot’n Tatum (right across the street), 7-eleven, Lubbock Lock & Key, Alliance Credit Union, Jackson Hewitt Tax Service, Sonic Drive-in, Stripes Gas Stations, Josie’s, Metro PCS, Rent-A-Center, Dollar General, and many others.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,360 SF
Building Class
C
Year Built/Renovated
1951/2021
Price
$336,000
Price Per SF
$100
Percent Leased
49%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.56
Land Acres
0.14 AC
Parking
10 Spaces (2.98 Spaces per 1,000 SF Leased)
Frontage
119 FT on 34th St

Amenities

  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,700 SF
  • Office
  • -
  • Now

Coldwell Banker Commercial, Capital Advisors is pleased to offer for lease a retail/office space along 34th Street in Central Lubbock. The space offers an office room and ample storage/warehouse space. The space has large front windows and flexible layout space to fit a variety of business needs. Property has ample parking and provides quick access to all parts to the city via University Ave and Interstate 27.

Space Size Space Use Position Available
1st Floor 1,700 SF Office - Now

1st Floor

Size
1,700 SF
Space Use
Office
Position
-
Available
Now

1st Floor

Size 1,700 SF
Space Use Office
Position -
Available Now

Coldwell Banker Commercial, Capital Advisors is pleased to offer for lease a retail/office space along 34th Street in Central Lubbock. The space offers an office room and ample storage/warehouse space. The space has large front windows and flexible layout space to fit a variety of business needs. Property has ample parking and provides quick access to all parts to the city via University Ave and Interstate 27.

Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R67348
Land Assessment
$15,120
Improvements Assessment
$60,331
Total Assessment
$75,451
  • Listing ID: 27156846

  • Date on Market: 11/19/2022

  • Last Updated:

  • Address: 2429 34th St, Lubbock, TX 79411

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