Auction #239-1

Commercial Property For Sale in Lubbock, TX


Multi-Purpose Commercial Building

This multi-purpose commercial building is located within a unique area of the City of Lubbock, in the Central Business District corridor. The building, built in 2014, can accommodate up to ±160 people for special events but can be adapted for office, retail and other special purpose uses such as a community center, daycare or senior center. The interior of the building is fully sprinklered and features a kitchen set up for catering, an administrative office, storage area, 2 ADA-compliant restrooms, and 2 drinking fountains. The exterior has a gated courtyard, canopy covered granite serving bar, concrete patio and lawn, decorative iron work, a brick patio bench and tiled fountain.

One-half mile from the Depot Entertainment District where Lubbock’s nightlife culture is heading, including Cactus Theater, La Diosa Cellars, Triple J Chophouse and the McPherson Cellars/event center. Buddy Holly Center and West Texas Walk of Fame draw 40,000 visitors a year which is in the heart of the District. Texas Tech University with a population of 36,000 students is approximately 1 mile away.

Additional highlights/features of the property are as follows:

  • ±2,940 SF building
  • ±24,960 SF lot
  • 34 paved onsite parking spaces
  • Signage available
  • Zoning is CB-2

Lubbock is a city in and the county seat of Lubbock County, Texas. The city is located in the northwestern part of the state, a region known historically and geographically as the Llano Estacado and ecologically is part of the southern end of the High Plains. According to a 2015 Census estimate, Lubbock had a population of 249,042, making it the 83rd most populous city in the U.S. and the 11th most populous city in the state of Texas. The city is the economic center of the Lubbock metropolitan area, which had an estimated 2015 population of 311,154.

Lubbock's nickname, "Hub City," derives from it being the economic, education, and health care hub of the multicounty region, north of the Permian Basin and south of the Texas Panhandle, commonly called the South Plains. The area is the largest contiguous cotton-growing region in the world and is heavily dependent on water drawn from the Ogallala Aquifer for irrigation. Lubbock was selected as the 12th best place to start a small business by CNNMoney.com. CNN mentioned the city's traditional business atmosphere: low rent for commercial space, central location, and cooperative city government. Lubbock is home to Texas Tech University, the sixth-largest college by enrollment in the state.

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