3305 66th St | 6-Suite Office Building in S. Lubbock
Value-Add Investment Opportunity: 6-Suite Professional Office Building in South Lubbock
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.
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