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2502-2504 50th St 33,824 SF 74% Leased Retail Building Lubbock, TX 79413 $2,395,000 ($70.81/SF)
Investment Highlights
- Prominent pylon sign and signalized intersection.
- 2 miles north/west of the I-27/I-289 intersection
- 50,000 combined traffic counts at this intersection
Executive Summary
A 2-tenant free-standing retail building occupied by Office Depot, and located at the hard corner of 50th street and University Avenue. Located opposite the Grace Medical Center. Property is demised with an 8,855 SF former Family Dollar space available to lease. Roof warranty to 2042.
Prominent pylon sign and signalized intersection.
50,000 combined traffic counts at this intersection
2 miles north/west of the I-27/I-289 intersection
Prominent pylon sign and signalized intersection.
50,000 combined traffic counts at this intersection
2 miles north/west of the I-27/I-289 intersection
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Building Size
33,824 SF
Building Class
C
Year Built
1992
Price
$2,395,000
Price Per SF
$70.81
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.31
Lot Size
2.48 AC
Zoning
HC - Heavy Commercial
Parking
117 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
-Mattress | Furniture users desired -Great location just minutes from Texas Tech University -Co-tenancy with Office Depot and located across from The Home Depot -Strong traffic counts and great visibility from 50th Street and University Avenue
| Space | Size | Space Use | Position | Available |
| 1st Floor | 8,855 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 8,855 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 8,855 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
-Mattress | Furniture users desired -Great location just minutes from Texas Tech University -Co-tenancy with Office Depot and located across from The Home Depot -Strong traffic counts and great visibility from 50th Street and University Avenue
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R57009 | Improvements Assessment | $1,733,575 |
| Land Assessment | $539,880 | Total Assessment | $2,273,455 |
Property Taxes
Parcel Number
R57009
Land Assessment
$539,880
Improvements Assessment
$1,733,575
Total Assessment
$2,273,455
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2502-2504 50th St
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