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4,043 sqft

$1,150,000

3214 140th Street, Lubbock TX, 79423

Price per sqft$284.44
Built in2023
Property size4,043 sqft
Property typeCommercial

Overview

Active

Listed Jan 20, 2026

Updated Jun 9

Ideally located just off 140th & Indiana and minutes from Loop 88, this well-appointed office building sits in one of Lubbock's fastest-growing corridors, surrounded by new residential development, Lubbock-Cooper ISD, and key municipal services. The area's rapid expansion and strong demographics provide excellent long-term support for both investors and owner-users. The property features a highly efficient and functional layout, including 13 private offices, a large conference room, a welcoming reception area with front desk, two restrooms, and a kitchenette. The design supports a wide range of uses including medical, professional, and service-based businesses, while also allowing flexibility for multi-tenant configurations if desired. Built with modern construction and designed for low maintenance, the building offers strong curb appeal and operational efficiency. Ample parking and convenient access enhance the experience for both employees and clientele. From an investment perspective, the opportunity is equally compelling. Based on current market lease rates of $21/SF + NNN, the property is projected to generate approximately $84,903 in NOI, resulting in a stabilized cap rate of ~7.4% at the current list price. This positions the asset as a strong yield opportunity within a high-growth corridor, with additional upside through lease-up strategy or owner occupancy. Whether you're seeking a strategic investment or a place to operate your business while building equity, this property delivers a rare combination of location, flexibility, and income potential.

Additional information

MLS® ID
202600906

Interior Features

Basement
No

Exterior Features

Lot Size
0.42 Acres

Other Property Details

Taxes
$9,362
Tax Frequency
Annually
MLS provider logo

Courtesy of Lauren Egert with Reside Real Estate Co.
Listing Contact: 214-287-9631 

Based on information from the Lubbock Association of REALTORS® as of 6/9/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. 

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