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405-407 Martin L King Blvd 8,484 SF 46% Leased Retail Building Lubbock, TX 79403 For Sale
Executive Summary
* Building consists of 3 Units, 2,288 SF each
* Easy access off MLK, Parkway and 5th Street
* Garage unit is currently leased
* Middle unit is formerly a barbershop
* Nicely finished out office space in South unit
Total Improvements: ..........8,484 SF +/-
6,864 SF Multi-Tenant Building + 1,620 SF, Rent Fun House
Tract Size: ............................19,561 SF +/-
Zoning: .................................HC (Heavy Commercial)
Year Built: ............................1964
* Easy access off MLK, Parkway and 5th Street
* Garage unit is currently leased
* Middle unit is formerly a barbershop
* Nicely finished out office space in South unit
Total Improvements: ..........8,484 SF +/-
6,864 SF Multi-Tenant Building + 1,620 SF, Rent Fun House
Tract Size: ............................19,561 SF +/-
Zoning: .................................HC (Heavy Commercial)
Year Built: ............................1964
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,484 SF
Building Class
C
Year Built
1964
Percent Leased
46%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
HC - Heavy Commercial
Parking
20 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
191’ on Martin L King Blvd
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R83112 | Improvements Assessment | $397,044 CAD |
| Land Assessment | $5,312 CAD | Total Assessment | $402,356 CAD |
Property Taxes
Parcel Number
R83112
Land Assessment
$5,312 CAD
Improvements Assessment
$397,044 CAD
Total Assessment
$402,356 CAD
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405-407 Martin L King Blvd
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