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$550,000
Est. payment /mo
6,395 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,395 sqft
Price per Sqft $86
MLS Listing ID 202600970
Year Built 1970
Annual Tax Amount $3,800
Lot Size 0.267 Acres
Acres 0.27
Property Sub-Type Retail
Source Lubbock Association of REALTORS®
Property Description
Are you looking for the right building for your business? Here's a great investment opportunity with tons of potential and flexibility. Just off the intersection of 50th and Memphis, across from Sutherlands and Homebase, you'll find 4901 & 4905 Memphis. This property was previously "Fin & Things" and is now ready for a new owner-occupant. It also includes extra income from the long-standing barber shop tenant. The space works well for many types of businesses. Next door, 4905 Memphis has historically been used as a warehouse, but it could easily be converted for a wide range of commercial uses. It's a solid option for a contractor, an auto-related business, or really anything you have in mind. The building is two stories, and the upstairs is ready to be finished out. Both properties are being offered together, giving you over half an acre of land and a ton of opportunity. If you'd like to take a look or talk about ideas for the space, contact me today to set up a private tour. Two commercial properties: 4901 & 4905 Memphis Ave Prime location just off 50th & Memphis, across from Sutherlands/Homebase Over half an acre of combined land +/- 6395 SQFT Total 4901 Memphis: ideal for owner-occupant + long term lease ($600per month MTM) Includes income from long-standing barber shop tenant 4905 Memphis: Two-story building, historically used as a warehouse, auto shop, etc. Upstairs ready to be finished out for added space or offices Perfect for a contractor, auto-related business, or retail use Flexible use and strong visibility in a high-traffic area Offered together with great investment potential
Location
State TX
County Lubbock
Area 3
Zoning A-1
Rooms
Basement Basement
Building
Story 1
Foundation Slab
New Construction No
Others
Tax ID R103605
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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Listed by Progressive Properties
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Omega Mejia
#1 Real Estate Agent | License ID: 0791400
#1 Real Estate Agent License ID: 0791400