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- LoopNet Team
820 Buddy Holly Ave
Lubbock, TX 79401
DOWNTOWN OFFICE PARK INVESTMENT · Office Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
ABOUT 820 BUDDY HOLLY AVE , LUBBOCK, TX 79401
This downtown office park lends itself to a 15.8% CAP investment or an owner/operator 5.5% CAP investment. Lease-to-purchase option will be considered. Flexible square footage offered to accommodate a one-site office or multiple suites. This property is currently generating $4,154.00 monthly in rental income performing at a 5.5% CAP rate. The current owner is an attorney who is retiring soon and currently occupying 3,665 SF of the space. Building fully leased without an owner occupant can perform up to a 15.8% CAP rate. The building is ready for an Attorney, CPA, Bookkeeping, Financial Services, Insurance, and various other agencies. Four HVAC units with one replaced in 2016. New roof 2016, 12 potential of ce spaces, and 17 parking spaces.
PROPERTY TAXES
| Parcel Number | R100142 | Improvements Assessment | $375,625 |
| Land Assessment | $24,375 | Total Assessment | $400,000 |
PROPERTY TAXES
