5217 50th Street, Lubbock, TX 79414
sale
$699,000
|
Other
Courtesy Of Reside Real Estate Co.
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.
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Property Features
- Age: Over 50 Years Old
- Amenities: Ceiling Fan
- Cooling System: Ceiling Fan(s)
- Cooling System: Central Air
- Floors: 1
- Heating System: Central
- Legal Description: Long Buster W100'of L 116
- MLSID: 202613587
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