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    2424 50Th St Lubbock, TX 79412

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    For Sale
    $1,495,000

    Three-story office building with redevelopment potential at a busy intersection.

    Property size:
    42,444 SF

    Property Features for 2424 50Th St

    General Information

    Size
    42,444 SF

    Source: Chase McGough Agent Chase McGough

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Value-Add Office Building For Sale

    The three-story office building, Twenty Four Office Plaza, is positioned at the lighted intersection of 50th Street and University Avenue. This location is one of Lubbock’s busiest corners, experiencing over 40,000 vehicles passing daily. The property offers excellent visibility, multiple access points, and ample parking. The site presents a strong opportunity for repositioning or redevelopment, with potential for a QSR or convenience store user. The property is located in one of the densest areas of Lubbock, serving over 13,000 people in a one mile radius. The property sits on the hard corner of the lighted intersection of two major arterial roads in Lubbock: 50th Street & University Avenue. Its proximity to I-27 & Loop 289 facilitates easy access from many points in Lubbock. The property contains 42,444 square feet.
    Location Intelligence

    Current Use by Public Records

    Reshma Vahora Psychiatrist West Texas Pain ... Medical Clinic Monte Porta Potty ... Portable Toilet Supplier Dr. Kenneth E. ... Ophthalmologist Sunset Detox Mental Health Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.86877
    Latitude
    33.548784

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    FAQs

    What type of property is this?
    Office building - Three-story office building with redevelopment potential at a busy intersection.
    Where is this office building located?
    The property is located at 2424 50Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Located at the lighted intersection of 50th Street and University Avenue, a high-traffic corner with over 40,000 vehicles passing daily.; - Value-add opportunity for repositioning or redevelopment.; - Excellent visibility and multiple access points.
    (214) 674-6513
    Request Owner's contact information
    2424 50Th St Lubbock, TX 79412
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    Lubbock, TX 79412
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2424 50Th St Lubbock, TX 79412
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