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405-407 Martin L King Blvd
Lubbock, TX 79403
Retail Property For Sale
EXECUTIVE SUMMARY
* Building consists of 3 Units, 2,288 SF each
* Easy access off MLK, Parkway and 5th Street
* Garage unit is currently leased
* Middle unit is formerly a barbershop
* Nicely finished out office space in South unit
Total Improvements: ..........8,484 SF +/-
6,864 SF Multi-Tenant Building + 1,620 SF, Rent Fun House
Tract Size: ............................19,561 SF +/-
Zoning: .................................C4
Year Built: ............................1964
* Easy access off MLK, Parkway and 5th Street
* Garage unit is currently leased
* Middle unit is formerly a barbershop
* Nicely finished out office space in South unit
Total Improvements: ..........8,484 SF +/-
6,864 SF Multi-Tenant Building + 1,620 SF, Rent Fun House
Tract Size: ............................19,561 SF +/-
Zoning: .................................C4
Year Built: ............................1964
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,484 SF
Building Class
C
Year Built
1964
Percent Leased
46%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
C-4
Parking
20 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
191’ on Martin L King Blvd
PROPERTY TAXES
| Parcel Number | R83112 | Improvements Assessment | $292,374 |
| Land Assessment | $3,912 | Total Assessment | $296,286 |
PROPERTY TAXES
Parcel Number
R83112
Land Assessment
$3,912
Improvements Assessment
$292,374
Total Assessment
$296,286
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