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2424 50th St 42,444 SF 100% Leased Office Building Lubbock, TX 79412 For Sale
Investment Highlights
- Seller financing available with aggressive, flexible terms, allowing buyers to minimize bank involvement and maximize leverage
- ~40,000+ vehicles per day and a prominent large digital signage on the street
- High-upside value-add opportunity with leasing, repositioning, and income growth potential in a stable, high-demand corridor
Executive Summary
2424 50th Street in Lubbock, Texas is a multi-tenant office building offering a compelling value-add investment opportunity in a high-visibility, central location near University Avenue. This approximately 42,000+ square foot office property is well-positioned for investors or owner-users seeking a stabilized asset with upside through lease-up, repositioning, or operational improvements. The building’s flexible layout supports a range of uses including medical office, professional services, and general office, making it attractive to a broad tenant base in the Lubbock market.
Located along a major corridor with strong daily traffic counts, the property benefits from excellent accessibility, signage potential, and proximity to key demand drivers including Texas Tech University, medical facilities, and surrounding residential density. The area continues to see consistent tenant demand, making this an ideal acquisition for buyers targeting long-term appreciation and income growth in a stable secondary market.
A significant differentiator is the availability of aggressive seller financing for qualified buyers. In today’s constrained lending environment, this provides a rare opportunity to structure favorable terms, reduce reliance on traditional lenders, and execute quickly. Ownership is open to creative deal structures, allowing investors to enhance returns while preserving capital. This positions the asset as one of the more attractive financed investment opportunities currently available in Lubbock.
Located along a major corridor with strong daily traffic counts, the property benefits from excellent accessibility, signage potential, and proximity to key demand drivers including Texas Tech University, medical facilities, and surrounding residential density. The area continues to see consistent tenant demand, making this an ideal acquisition for buyers targeting long-term appreciation and income growth in a stable secondary market.
A significant differentiator is the availability of aggressive seller financing for qualified buyers. In today’s constrained lending environment, this provides a rare opportunity to structure favorable terms, reduce reliance on traditional lenders, and execute quickly. Ownership is open to creative deal structures, allowing investors to enhance returns while preserving capital. This positions the asset as one of the more attractive financed investment opportunities currently available in Lubbock.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Building Size
42,444 SF
Building Class
B
Year Built/Renovated
1984/2019
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
14,148 SF
Building FAR
0.81
Lot Size
1.21 AC
Zoning
AM
Parking
50 Spaces (1.18 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R166210 | Improvements Assessment | $2,666,137 CAD |
| Land Assessment | $365,659 CAD | Total Assessment | $3,031,796 CAD |
Property Taxes
Parcel Number
R166210
Land Assessment
$365,659 CAD
Improvements Assessment
$2,666,137 CAD
Total Assessment
$3,031,796 CAD
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Presented by
Zeltix Management LLC
2424 50th St
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