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    313 N Detroit Ave Lubbock, TX 79415

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    For Sale
    $350,000

    Value-add investment opportunity with redevelopment potential in a high-traffic area.

    Property size:
    5,500 SF
    Lot size:
    0.80 Acres

    Property Features for 313 N Detroit Ave

    General Information

    Size
    5,500 SF
    Lot size
    0.80 Acres

    Source: Progressive Properties Agent Jarrett Thornton

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

    Overview

    Retail Redevelopment Opportunity in Lubbock

    This property presents a value-add investment opportunity situated on approximately 1.12 acres. The site features a neighborhood convenience store equipped with kitchen space, freezer, storage, and a grease trap. The location is highly visible and experiences significant traffic, positioned just north of Marsha Sharp Freeway. The property is suitable for redevelopment or various commercial uses, such as a liquor store or general retail. Additionally, there is a separate building at 2910-2912 Colgate, previously occupied by a barbershop, along with a former laundromat and lease space. Renovation of these spaces could provide a potential income stream. The property includes multiple conjoining vacant lots, offering flexibility for future development. The property size is approximately 5500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8794408
    Latitude
    33.6024207

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    FAQs

    What type of property is this?
    Grocery and convenience store - Value-add investment opportunity with redevelopment potential in a high-traffic area.
    Where is this grocery and convenience store located?
    The property is located at 313 N Detroit Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Prime ±1.12-acre site in a high-visibility, high-traffic location near Marsha Sharp Freeway; - Existing neighborhood convenience store with full kitchen, freezer, storage, and grease trap; - Redevelopment opportunity or suitability for various commercial uses (liquor store, retail, etc.)
    (806) 781-6740
    Request Owner's contact information
    313 N Detroit Ave Lubbock, TX 79415
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    Lubbock, TX 79415
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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
    313 N Detroit Ave Lubbock, TX 79415
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