Lubbock Square Apartments

For Sale

4602 50th Street, Lubbock, TX 79414

This Lubbock property for sale is located at 4602 50th Street. The current listed sale price for Lubbock Square Apartments is $10,750,000. Lubbock Square Apartments is situated on a lot that is 5.44 acre in size.

Contacts

broker

Raymond Lord

SVN | OAK Realty Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 123,848 SF
  • Units 124
  • Lot Size 5.44 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 248
  • Parking Ratio 2.25 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1974
  • Year Renovated 2020
  • Date Updated Nov 11, 2024
Nestled in the heart of Lubbock, Texas, Lubbock Square Apartments enjoys proximity to a vibrant array of local attractions and amenities. This bustling area offers a diverse range of dining, entertainment, and shopping options, including the Tech Terrace neighborhood, which is known for its charming bungalows and local hangouts. Investors will appreciate the property's convenient access to Texas Tech University, the South Plains Mall, and the Lubbock Christian University. With a blend of urban conveniences and a relaxed atmosphere, this location presents a compelling opportunity for multifamily/low-rise/garden investors seeking a prime foothold in the dynamic Texas market.Presenting an exceptional investment opportunity in the thriving Texas market, this multifamily property is a remarkable 123,848 SF building featuring 124 units. Boasting a 92.3% occupancy rate, this renovated property, originally built in 1974, offers a compelling blend of modern amenities and timeless charm. Strategically zoned MF-2, this attractive investment prospect promises a strong performance and enduring value. With a proven track record and significant upside potential, this property stands as a premier choice for multifamily/low-rise/garden investors seeking a solid foothold in the dynamic Texas real estate landscape.

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Highlights

  • - 123,848 SF building
  • - 124 units
  • - Built in 1974
  • - Renovated in 2020
  • - Zoned MF-2
  • - Located in Texas
  • - 92.3% occupancy

Getting around

  • 67/100

    Walk Score ®

  • 24/100

    Transit Score ®

  • 48/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lubbock, TX
  • Neighborhood Stewart
  • Zip Code 79414
  • Market Lubbock

Points of Interest

  • Alon

    0.31 miles

  • Valero

    0.73 miles

  • EZ-Mart

    1.17 miles

  • Murphy USA

    1.48 miles

  • Phillips 66

    1.49 miles

  • Murphy Express

    1.60 miles

  • E-Z Mart

    1.64 miles

  • Tesla Supercharger

    3.58 miles

  • SPEC ChargePoint Station

    5.26 miles

  • vacant

    1.58 miles

  • East Welcome Center Parking

    2.30 miles

  • West Welcome Center Parking

    2.33 miles

  • Lot C17

    2.36 miles

  • Commuter Parking - Lot S1

    2.56 miles

  • Flint Ave Garage

    2.63 miles

  • Residence Hall Parking - Lot Z3

    2.70 miles

  • Commuter Parking - Lot S2

    2.73 miles

  • Extended Stay America

    1.15 miles

  • Comfort Suites University

    1.17 miles

  • Days Inn & Suites by Wyndham Lubbock Medical Center

    1.18 miles

  • Comfort Suites

    1.25 miles

  • Staybridge Suites

    1.34 miles

  • Embassy Suites

    1.35 miles

  • Studio 6 Lubbock, TX - Medical Center

    1.44 miles

  • Hawthorn Suites by Wyndham Lubbock

    1.56 miles

  • Homewood Suites

    1.58 miles

  • TownePlace Suites

    1.58 miles

  • Oriental Market

    0.40 miles

  • Dillard's

    1.08 miles

  • Ross

    1.12 miles

  • South Plains Mall

    1.15 miles

  • JCPenney

    1.20 miles

  • Market Street

    1.24 miles

  • Chrome

    1.28 miles

  • Mardel's

    1.44 miles

  • TJ Maxx

    1.46 miles

  • Walmart Supercenter

    1.59 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Raymond Lord

SVN | OAK Realty Advisors