Mixed-Use Property with Rental
For Sale
$229,000
400 Phelps Avenue, Littlefield, TX 79339
Commercial Sale, Littlefield, TX
Property Size1,375 SF
Lot Size0.07 Acres
Price / SF$166.55
Days on Market135
Property Features for 400 Phelps Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Corner Lot
Middle school
Littlefield
High school
Littlefield
Elementary school district
Littlefield ISD
Middle school district
Littlefield ISD
High school district
Littlefield ISD
Subdivision
Lamb County
Standard status
Active
APN
20015
Size
1,375 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
ORIGINAL TOWN - LITTLEFIELD, BLOCK 31, LOT 1
Legal Description
ORIGINAL TOWN - LITTLEFIELD, BLOCK 31, LOT 1
Listing Agency:
Exit Realty of Lubbock
(806) 771-3900
Listed By:
Kristal Saenz · License #0669452
(806) 787-4526
Added: May 6
Changed: Sep 8
Last Checked: Sep 17 at 12:06PM
MLS# 202606082
Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property contains 1,375 square feet on a 0.07-acre corner parcel. The front building is suited to retail, office, or service-oriented use, while two residential rental units occupy the rear. Both residential units are currently leased to long-term tenants.
Positioned along a main thoroughfare in Littlefield, the property benefits from a corner setting with direct exposure and accessibility. Its combination of commercial space and occupied residential units supports multiple use components within one compact asset at 400 Phelps Avenue.
Positioned along a main thoroughfare in Littlefield, the property benefits from a corner setting with direct exposure and accessibility. Its combination of commercial space and occupied residential units supports multiple use components within one compact asset at 400 Phelps Avenue.
Key Highlights
- 1,375‑square‑foot mixed‑use property on a 0.07‑acre parcel
- Front building supports retail, office, or service use
- Two residential rental units positioned at the rear
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 79339, TX
6,744
Population
3,081
Households
2.2
Avg Household Size
38
Median Age
17%
College-Educated
78%
High-School Grad
334.8 sq mi
ZIP Area
20
Density / Sq Mi
$57,035
Median Household Income
$35,350
Median Earnings
$1,019
Median Rent
$76,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Front commercial space is paired with two occupied residential rental units.
Where is this mixed-use property located?
The property is located at 400 Phelps Avenue Littlefield, TX.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,375‑square‑foot mixed‑use property on a 0.07‑acre parcel; Front building supports retail, office, or service use; Two residential rental units positioned at the rear
