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3305 66TH ST Lubbock TX 79413-5733

APN R132601

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Details
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Building SqFt 7,373
Lot SqFt 18,539
Acreage ******
Zoning Code NC
Year Built 1977
Building Count 1
Opportunity Zone No
Tax Year ******
Tax Land ******
Tax Additions ******
Tax Assessed Value ******
Owner Name MALOUFS DEVELOPMENTS LLC
Owner Mailing Address (Full Address) ******
APN R132601

Property History

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Property Type
Property Type
Office
Property Subtype
Executive Office, Medical Office, Traditional Office
Asking Details
Asking Price
$650,000
Price/Sq Ft
$88.16
Marketing Description

Unlock significant upside potential at 3305 66th St, a 7,373 SF two-story professional office building perfectly positioned for an investor or owner-user.​ Built in 1977 and situated on a 0.43-acre lot, this property features a classic brick and aggregate exterior with a functional, multi-tenant interior layout.​

The building is currently configured into six distinct office suites, four of which are occupied, generating a consistent $3,770 per month in gross rent.​ With an average current rent of $10.40/SF/YR, there is immediate opportunity to increase value through the lease-up of the two vacant suites and transitioning existing leases to market rates.​ The Neighborhood Commercial (NC) zoning allows for a variety of professional uses, while the 34 dedicated parking stalls ensure easy access for staff and clientele.​

Investment Highlights
  • Income Producing: Currently generating $3,770/month with two vacant suites available for immediate occupancy.

  • Below-Market Rents: Current average of $10.40/SF/YR offers significant "value-add" potential for investors.

  • Flexible Zoning: Zoned Neighborhood Commercial (NC), ideal for medical, legal, or general professional services.

  • Ample Parking: 34 marked parking stalls on a 0.43-acre paved site.

  • Architectural Character: Features a light-filled lobby with a dramatic central staircase and a large indoor planter.

  • Functional Layout: Second floor includes a kitchenette/breakroom and multiple private office configurations.

Property Type
Property Type
Office
Property Subtype
Traditional Office
Marketing Description

Now available for sale in Central Lubbock, just off Indiana Avenue and 66th Street, is a 6,220-square-foot, two-story office building with six individual lease spaces. With strong upside potential and a prime location, this multi-tenant property offers an ideal opportunity for investors or owner-occupants.

The building features flexible suite sizes ranging from 500 to 1,300 square feet, making it well-suited for a variety of professional tenants. Current rents offer substantial room for growth—estimated at 25% to 30%—with only minor remodeling needed to unlock that value. Parking is available in both the front and rear, with access from 67th Street, ensuring convenient ingress and egress.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
MM
Matt Moreland PRO
LIC: TX 0699529
•••.•••.3610
matt@•••••••••••••••••.com
Brokerage logo
Listing removed on
 BY:
DD
Doug Duncan PRO
LIC: TX 0563978
•••.•••.5595
doug@•••••••••••••••••.com
Brokerage logo

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