Skip To Content

5241 98th Street

Lubbock, TX 79424
  • $3,900,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 202610137
UPDATED: 221 min ago
$3,900,000
  • 0
    BEDS
  • 1.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,436
    SQFT
  • $253
    $/SQFT
Neighborhood:
7
Type:
Commercial
Built:
2016
County:
Area:
7

School Ratings & Info

Description

Southwest Lubbock Executive Office Investment offers the opportunity to acquire a stabilized Class A office asset in one of Lubbock's most dynamic commercial growth corridors. Completed in 2016, the 15,436-square-foot building is fully leased through December 2030 to a well-established professional services tenant under a favorable modified gross lease structure. The property combines predictable income, exceptional physical quality, strong visibility, and an efficient headquarters-style layout. A separately leased 1,343-square-foot office suite provides additional revenue and future flexibility. The property was purpose-built as a corporate headquarters and reflects institutional-quality design and construction. The efficient floor plan includes more than twenty private offices, four executive offices, a dramatic reception lobby, executive conference room, large training facility, open collaborative workspace, kitchen and break areas, enclosed courtyard, and a separately accessed office suite. The building has been meticulously maintained and presents exceptionally well for continued use as a headquarters facility or long-term investment asset. The property is positioned on 98th Street within Southwest Lubbock, one of the city's fastest-growing commercial districts. Nearby development includes regional medical facilities, banks, restaurants, retail centers, hospitality, professional offices, a golf course, and thousands of surrounding residential rooftops. Traffic counts of approximately 13,000-16,000 vehicles per day on 98th Street, combined with more than 41,000 vehicles per day near the Milwaukee Avenue corridor, provide outstanding visibility and accessibility.

Monthly Payment Calculator



© 2026 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-08-07T23:58:45.673.
www.theblurealty.com/homes/179100771
Print Image

5241 98th Street Lubbock, TX 79424

  • Price: $3,900,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 221 min ago
  • MLS #: 202610137
0
Beds
0
Baths
0
½ Baths
1.95
Acres
15,436
SQFT
$253
$/SQFT
2016
Built
Neighborhood:
7
County:
Lubbock
Area:
7
Property Description
Southwest Lubbock Executive Office Investment offers the opportunity to acquire a stabilized Class A office asset in one of Lubbock's most dynamic commercial growth corridors. Completed in 2016, the 15,436-square-foot building is fully leased through December 2030 to a well-established professional services tenant under a favorable modified gross lease structure. The property combines predictable income, exceptional physical quality, strong visibility, and an efficient headquarters-style layout. A separately leased 1,343-square-foot office suite provides additional revenue and future flexibility. The property was purpose-built as a corporate headquarters and reflects institutional-quality design and construction. The efficient floor plan includes more than twenty private offices, four executive offices, a dramatic reception lobby, executive conference room, large training facility, open collaborative workspace, kitchen and break areas, enclosed courtyard, and a separately accessed office suite. The building has been meticulously maintained and presents exceptionally well for continued use as a headquarters facility or long-term investment asset. The property is positioned on 98th Street within Southwest Lubbock, one of the city's fastest-growing commercial districts. Nearby development includes regional medical facilities, banks, restaurants, retail centers, hospitality, professional offices, a golf course, and thousands of surrounding residential rooftops. Traffic counts of approximately 13,000-16,000 vehicles per day on 98th Street, combined with more than 41,000 vehicles per day near the Milwaukee Avenue corridor, provide outstanding visibility and accessibility.
Exterior Features

Construction Materials [] Foundation Details Slab Parking Features Parking Lot Parking Total 78 Roof []

Interior Features

Above Grade Finished Area 15436 Cooling [] Flooring [] Heating []

Property Features

Accessibility Features [] Building Features [] Business Type Professional Service Fencing [] Land Details Minerals Available No Listing Terms 1031 ExchangeCashConventional Lot Features Landscaped Occupant Type Tenant Property Sub Type Office Road Frontage Type City Street Road Surface Type Paved Security Features [] Sewer Public Sewer Special Listing Conditions [] Stories Total 1 Tenant Pays All UtilitiesTaxes Utilities Electricity ConnectedWater Connected Water Source Public Waterfront Features []

Listing provided courtesy of Kim Flenniken of Kim & Company, REALTORS: 806-790-7142. Listing information © 2026 Lubbock Association of REALTORS® MLS.


© 2026 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-08-07T23:58:45.673.
 
https://bt-photos.global.ssl.fastly.net/lubbock/1280_boomver_1_20260617180535727719000000-2.jpg https://bt-photos.global.ssl.fastly.net/lubbock/1280_boomver_1_20260617180535727719000000-2.jpg https://bt-photos.global.ssl.fastly.net/lubbock/1280_boomver_1_20260617180535727719000000-2.jpg
Logo
Blu Realty | Better Homes and Gardens Real Estate
5602 114th Street
Lubbock TX, 79424