1401 19th Street, Lubbock, TX 79401
$650,000
Property Type:
Commercial Sale
Square Footage:
17,021
Lot Size (sq. ft.):
33,927
Status:
Closed
Current Price:
$650,000
List Date:
8/02/2024
Last Modified:
1/31/2025
Description
Prime investment opportunity in Downtown Lubbock. Huge cash flow opportunity, with 100% occupancy and increasing this property is well positioned for a new owner. New TPO Roof in 2023. This mixed use property is in full sight of downtown, with frontage retail units, office space, and plenty of creative options here! There is a main foyer with private offices upstairs and downstairs for a larger tenant, or multiple tenants. There is even an upstairs patio that overlooks downtown. Not many properties like this out here! At under $40pft this can't be beat!
Supplements: ********
More Information MLS# 202411119
Contract Information
Current Price: $650,000
Original List Price: 650000
List Price: $650,000
Status: Closed
Listing Contract Date: 2024-08-02
Property Sub Type: Retail
Listing Agreement: Exclusive Right To Sell
Owner Name: Jan Development LLC
Occupant Type: Tenant
Location Tax and Legal
Street Number: 1401
Street Name: 19th
Street Suffix: Street
County: Lubbock
State: TX
Postal Code: 79401
Zone: 2
General Property Information
Above Grade Finished Area: 17021
Above Grade Finished Area Source: Public Records
Building Area Total: 17021
Lot Size Acres: 0.7789
Lot Size Square Feet: 33927
Lot Size Source: Public Records
Basement YN: No
Stories Total: 2
List Price/Acre: 834510.21
List Price/SqFt: 38.19
Sold Price/Acre: 834510.21
Sold Price/SqFt: 38.19
Remarks and Miscellaneous
Public Historical Remarks: Specific Use: No, # Wells: 0
Public Remarks: Prime investment opportunity in Downtown Lubbock. Huge cash flow opportunity, with 100% occupancy and increasing this property is well positioned for a new owner. New TPO Roof in 2023. This mixed use property is in full sight of downtown, with frontage retail units, office space, and plenty of creative options here! There is a main foyer with private offices upstairs and downstairs for a larger tenant, or multiple tenants. There is even an upstairs patio that overlooks downtown. Not many properties like this out here! At under $40pft this can't be beat!
Status Change Information
Major Change Timestamp: 2024-11-01T06:48:29Z
Major Change Type: Status Change
Status Change Timestamp: 2024-11-01
Purchase Contract Date: 2024-10-01
Close Date: 2024-11-01
Buyer Financing: Seller Financing
Buyer's Lender Closing Costs: No
Buyer's Lender Closing Costs Comments: Key Box
Land Details
Minerals Available: No
Crops Included YN: No
Lock Box Information
Lock Box Combination Code: 5031
Showing Information
Showing Instructions: Key Box
Property Features
Business Type: Distribution; Industrial; Mixed; Professional/Office; Residential; Restaurant; Retail; Storage; Transportation; Other
Foundation Details: Slab
Listing Terms: Cash; Conventional
Showing Considerations: Occupied
Showing Requirements: Lockbox
Listing Office: Progressive Properties
Listing Agent: Jarrett Thornton
Last Updated: January - 31 - 2025
Information deemed reliable but not guaranteed.