7412 82nd St, Lubbock, TX, 79424

7412 82nd St Lubbock, TX 79424

7412 82nd St, Lubbock, TX, 79424
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$499,999
Last Verified:
Jan 15, 2026

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Description

Some tenants are on month-to-month lease structures.

Below market rents.

Lease up potential for added value.

Located in the heart of the South Plains region of Texas, Lubbock is a vibrant city known for its deep musical heritage, thriving economy, and strong sense of community. With a population of over 260,000, it is the 11th most populous city in Texas and serves as a major center for education, agriculture, and healthcare.

Lubbock was founded in 1890 and named after Thomas Saltus Lubbock, a Texas Ranger. The city has grown significantly over the years, developing into an important hub for the region. Lubbock is often referred to as the "Hub City" because of its status as an economic, educational, and healthcare center for West Texas.

Agriculture has historically been the backbone of Lubbock’s economy, particularly cotton production. In recent years, however, the city has diversified into healthcare, technology, and energy sectors. The Covenant Health System and UMC Health System are major employers, alongside companies in wind energy and agribusiness.


Year Built: 1986
Building Size: 4961sq ft
Building Class: B
Lot Size: 0.24 acres


Documents

7412 82nd St - Offering Memorandum

Map of 7412 82nd St, Lubbock, TX, 79424

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.