5217 50th Street, Lubbock, TX 79414

Property Description

Owner-user opportunity with built-in rental income and room to grow. This 7,240 SF multi-use commercial building in Lubbock offers a rare chance to operate your own business while tenants help carry the property. The sale also includes a separate 0.5-acre commercial parking lot with future development potential. The building currently houses a flower shop (approx. 1,100 SF) on a triple-net lease and a salon (approx. 4,140 SF) operating with booth-rental income. The remaining approx. 2,000 SF is vacant and ready for your business, or for a new tenant. The space has previously leased for $1,840 per month plus utilities and a 25% share of property tax. Also included in the sale is a separate 0.5-acre parcel, currently used as parking and located in a commercial area. It provides ample customer and tenant parking today and a prime opportunity for future development. Whether you expand, add a pad site, or build for additional income, the extra land gives you flexibility that most properties in this price range don't offer.