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3610 34th Street, Lubbock, TX 79410

$760,000
Property Type: Commercial Sale Square Footage: 5,933 Lot Size (sq. ft.): 23,280 Status: Active
Current Price: $760,000 List Date: 8/21/2025 Last Modified: 8/21/2025

Description

Class A Central Lubbock Office Building. Can be owner occupied or investment opportunity. 20 Private offices, 2 large conference rooms, breakroom, 2 ADA bathrooms. 30 Dedicated parking spaces with an additional 9 parking spaces available at no cost next door to the West. Plus 2 large exterior storage buildings that could be leased. Current monthly gross rent is $8,085 from 16 rented offices and 4 virtual offices. Currently 4 vacant offices available to lease at $500/month which would add $2,000 per month in gross rent. Only 5 offices have leases that end between 2/28/26 and 7/31/26. So this could be an owner occupied building or half owner occupied and half income generating or a full income generating investment. All current tenants have been in place for at least a year with no plans to move. 2 Years rental history with consistently 80%+ occupancy. Price is based on 2 years average NOI and a 8.5% cap rate. Remodel completed in 2022 with no expense spared. TPO Roof with 3in foam iso board insulation w/transferable warranty, 2 - 5 Ton roof HVAC units are ultra efficient. Electric bill for July 2025 was less than $800. Interior was 100% redone including all electrical wiring, plumbing lines, LED lighting, polished concrete flooring. Building features a Verkada controlled access system with a lot of customization and options for add-on features. Building is fully wired with CAT6 to each individual office plus wireless APs throughout building for very reliable wireless service. Eufy full wireless camera system for exterior security is solar powered and AI to track faces and monitor familiar vs strangers. If buyer is interested in keeping the Social Lofts brand and continue to lease offices, seller is willing to transfer ownership of the website/facebook page and lead generation to new owner and is willing to conitnue managing the building. Typically generates about 1 showing per week which averages 1 new tenant per month.

Supplements: ********

More Information MLS# 202559420

Contract Information

Current Price: $760,000 Original List Price: 760000 List Price: $760,000 Status: Active Listing Contract Date: 2025-08-21 Property Sub Type: Office Listing Agreement: Exclusive Right To Sell Owner Name: Woodberry Investments LLC Occupant Type: Tenant

Location Tax and Legal

Street Number: 3610 Street Name: 34th Street Suffix: Street County: Lubbock State: TX Postal Code: 79410 Zone: 3

General Property Information

Above Grade Finished Area: 5933 Above Grade Finished Area Source: Public Records Building Area Total: 5933 Building Area Source: Public Records Accessibility Features YN: Yes Year Built: 1960 Lot Size Acres: 0.53 Lot Size Square Feet: 23280 Lot Size Source: Public Records Basement YN: No Stories Total: 1 Security Deposit: 6275 List Price/Acre: 1433962.26 List Price/SqFt: 128.1

Remarks and Miscellaneous

Public Remarks: Class A Central Lubbock Office Building. Can be owner occupied or investment opportunity. 20 Private offices, 2 large conference rooms, breakroom, 2 ADA bathrooms. 30 Dedicated parking spaces with an additional 9 parking spaces available at no cost next door to the West. Plus 2 large exterior storage buildings that could be leased. Current monthly gross rent is $8,085 from 16 rented offices and 4 virtual offices. Currently 4 vacant offices available to lease at $500/month which would add $2,000 per month in gross rent. Only 5 offices have leases that end between 2/28/26 and 7/31/26. So this could be an owner occupied building or half owner occupied and half income generating or a full income generating investment. All current tenants have been in place for at least a year with no plans to move. 2 Years rental history with consistently 80%+ occupancy. Price is based on 2 years average NOI and a 8.5% cap rate. Remodel completed in 2022 with no expense spared. TPO Roof with 3in foam iso board insulation w/transferable warranty, 2 - 5 Ton roof HVAC units are ultra efficient. Electric bill for July 2025 was less than $800. Interior was 100% redone including all electrical wiring, plumbing lines, LED lighting, polished concrete flooring. Building features a Verkada controlled access system with a lot of customization and options for add-on features. Building is fully wired with CAT6 to each individual office plus wireless APs throughout building for very reliable wireless service. Eufy full wireless camera system for exterior security is solar powered and AI to track faces and monitor familiar vs strangers. If buyer is interested in keeping the Social Lofts brand and continue to lease offices, seller is willing to transfer ownership of the website/facebook page and lead generation to new owner and is willing to conitnue managing the building. Typically generates about 1 showing per week which averages 1 new tenant per month.

Status Change Information

Major Change Timestamp: 2025-08-21T19:42:59Z Major Change Type: New Listing Status Change Timestamp: 2025-08-21

Building Features

Ceiling Height: 9 Clear Span: No

Income and Expenses

Cap Rate: 8.5 Electric Expense: 500 Fuel Expense: 100 Gross Income: 8085 Insurance Expense: 398 Maintenance Expense: 120 Net Operating Income: 6167 Other Expense: 700 Total Actual Rent: 8085 Trash Expense: 40 Water Sewer Expense: 60

Land Details

Minerals Available: No

Showing Information

Showing Attended YN: Yes Showing Advance Notice: 4 Showing Instructions: Please call/text LA before showing. LA can attend showing to answer questions

Environmental Due Diligence

Environmental Date: 2022-11-01 Environmental Phase: Phase 2 - Detailed Assessment

Property Features

Accessibility Features: Accessible Approach with Ramp; Accessible Common Area; Accessible Doors; Accessible Entrance; Accessible Hallway(s); Visitor Bathroom Building Features: Conference Room; High Speed Internet; Kitchen/Break Room Business Information Source: Insurance Info.; Owner Business Type: Administrative and Support; Advertising; Barber/Beauty; Commercial; Computer; Financial; Health Services; Home Cleaner; Medical; Photographer; Professional Service; Professional/Office; Real Estate Construction Materials: Block; Brick Veneer Cooling: Central Air; Electric; Multi Units Economic Development Zones: Other Fencing: None Flooring: Concrete Foundation Details: Slab Heating: Central; Forced Air; Natural Gas Listing Terms: 1031 Exchange; Cash; Conventional; Owner May Carry; Private Financing Available Lot Features: City Lot; Landscaped; Paved Parking Features: Additional Parking; Alley Access; Asphalt; Guest; Open; Parking Lot Plans Available: Electrical; Floor; Plumbing; Site; Structural Road Frontage Type: City Street Road Surface Type: Concrete Roof: Membrane Security Features: Closed Circuit Camera(s); Firewall(s); Key Card Entry; Prewired Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: None Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public Showing Considerations: Occupied Showing Requirements: Appointment Only; Call Listing Agent
Listing Office: HouseChaser
Listing Agent: Chase Marberry
Last Updated: August - 21 - 2025
Information deemed reliable but not guaranteed.

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