5217 50th Street, Lubbock, TX 79414
5217 50th Street, Lubbock, TX 79414
5217 50th Street, Lubbock, TX 79414
5217 50th Street, Lubbock, TX 79414
5217 50th Street, Lubbock, TX 79414
5217 50th Street, Lubbock, TX 79414
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Laura Johnson

Laura Johnson

+1(806) 805-4677
$ 699,000
Est. payment | /mo

7,240 SqFt

Save
$ 699,000
Est. payment | /mo
Save

7,240 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,240 sqft

Price per Sqft $96

MLS Listing ID 202613587

Year Built 1973

Annual Tax Amount $8,405

Lot Size 0.562 Acres

Acres 0.56

Property Sub-Type Mixed Use

Source Lubbock Association of REALTORS®

Property Description

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.

Location

State TX

County Lubbock

Area 3

Rooms

Basement Basement

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Exterior

Parking Features Alley Access, Oversized, Asphalt, Parking Lot

Building

Lot Description Landscaped, Paved

Story 1

Foundation Slab

New Construction No

Others

Tax ID R25618

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Reside Real Estate Co.

Nearby Locations

Laura Johnson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(806) 805-4677

laura.johnson@exprealty.com

Lubbock, TX 79424, USA

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5217 50th Street