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Improved Commercial Land for Sale in Lubbock, Texas

5241 98th St, Lubbock, TX 79424

$3,900,000
2 acres
Active sale
ago
Est $25,703/mo

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.

15,436
Sq feet
2016
Built

Location

Street address
5241 98th St
Zip code
79424
Elevation
3,240 feet
Coordinates
33.5046, -101.9272

Property details

Acreage
1.95 acres84,942 sq ft
MLS #
LAOR 202610137
Posted

Property taxes

Recent
$69,320 - S & T Ins Tr A

Parcels

  • R325807

Details and features

Listing

Type
Commercial Sale
Subtype
Office

Lot

Features
Landscaped

Exterior

Parking Spaces
78
Parking
Parking Lot

Structure

Stories
1
Water
Public
Sewer
Public Sewer

Listing history

DateEventPriceChangeSource
July 22, 2026New listing$3,900,000LAOR
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This 1.95-acre property is located at 5241 98th St in Lubbock, TX 79424. The property is available for sale, priced at $3,900,000. It has a 15,436 square foot structure built in 2016.

Listed by Kim & Company, REALTORS, (806) 790-7142

Checked 1 hour agoUpdated

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