
$380,000
NAL Estimated Property Value4701 S Loop 289 4703, Lubbock, TX, 79424
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About this property
This well-maintained 19,025 sf building on Lubbock's South Loop is for sale below the appraised "as-is" value of $2,330,000. Renovated in 2018, this property would make an excellent owner-occupied office or investment property once backfilled at market rental rates. The property has excellent visibility and access from the loop, which sees over 60,000 vehicles per day. The property is zoned "C-2" and can accommodate a variety of office or retail uses. It is located outside of the FEMA flood zone. The owner currently occupies 15,000 sf of the property and will require a leaseback of 6 to 12 months after closing. The 4,000 sf unit is leased through July 2024. Financial information is available upon request. The 15,000 sf unit is also available for lease at $15.00/sf/yr + NNN.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Lubbock
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