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    1301 Buddy Holly Ave Lubbock, TX 79401

    For Sale
    $550,000

    10,956 SF mixed-use shell space in historic Lubbock.

    Property size:
    10,956 SF
    Lot size:
    0.30 Acres

    Property Features for 1301 Buddy Holly Ave

    General Information

    Size
    10,956 SF
    Lot size
    0.30 Acres

    Source: McDougal Companies - Corporate Agent Mark Oatman

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

    Overview

    Historic Lubbock Shell Space

    Located on Buddy Holly Avenue in Lubbock's historic district, this 10,956 SF shell space, constructed in 1928, presents a prime redevelopment opportunity. The property is zoned MU-3 mixed-use, offering flexible options in a high-traffic area near the Buddy Holly Center and West Texas Walk of Fame. The open layout provides nearly 11,000 SF of space in the Original Town neighborhood, ZIP 79401. A new TPO roof has been installed. Redevelopment options include constructing a modern mixed-use tower with retail space below and residential or office space above, trendy urban loft conversions blending historical elements with modern amenities, a creative agency or startup headquarters with collaborative spaces, or a boutique retail hub catering to foot traffic from events and tourism. The location is steps from the Depot District and near I-27 and Texas Tech, with rising values in a revitalizing area. This property offers potential to create an urban anchor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8442315
    Latitude
    33.5832407

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    FAQs

    What type of property is this?
    Mixed-use property - 10,956 SF mixed-use shell space in historic Lubbock.
    Where is this mixed-use property located?
    The property is located at 1301 Buddy Holly Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Prime location on Buddy Holly Avenue in Lubbock's historic district; - Flexible MU-3 mixed-use zoning allows for diverse redevelopment options; - Substantial 10,956 SF shell space provides a large canvas for redevelopment
    (806) 543-8568
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    1301 Buddy Holly Ave Lubbock, TX 79401
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    Lubbock, TX 79401
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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
    1301 Buddy Holly Ave Lubbock, TX 79401
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