About This Home
This 0-bedroom, 0-bathroom commercial at 5217 50th Street in Lubbock, TX is listed for $699,000 ($97 per sqft). Built in 1973, the home offers 7,240 sqft of living space on a 0.56 acres lot.
Key Features
- Built in 1973
- 0.56 acre lot
Property Details
Amenities
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.
Monthly Cost Estimate
$3,738/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5217 50th Street
Lubbock, TX 79414
Property Details
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 5217 50th Street is listed at $699,000 ($97/sqft). The estimated monthly payment is $3,739 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1973, 0.56 acre lot.
This property is listed by Casey Klingensmith and can be reached at 9403283123.
