Mixed-Use Property With Rental
For Sale
$229,000
400 Phelps Avenue, Littlefield, TX 79339
COMMERCIAL - Littlefield, TX
Property Size1,375 SF
Lot Size0.07 Acres
Price / SF$166.55
Days on Market95
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: Aug 7
Last Checked: Aug 8 at 7:06AM
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 includes a 1,375-square-foot front building that can accommodate retail, office, or service-oriented use. Two residential rental units are positioned behind the commercial space, and both are currently occupied by long-term tenants. The combination creates a property with commercial functionality and an existing residential component.
The 0.07-acre site occupies a corner along a main thoroughfare at 400 Phelps Avenue in Littlefield, Texas. Its layout supports a range of commercial and residential income uses within one compact property, with the front building and rear units providing distinct spaces for business and housing purposes.
The 0.07-acre site occupies a corner along a main thoroughfare at 400 Phelps Avenue in Littlefield, Texas. Its layout supports a range of commercial and residential income uses within one compact property, with the front building and rear units providing distinct spaces for business and housing purposes.
Key Highlights
- 1,375‑square‑foot front commercial building
- Two residential rental units at the rear
- Both residential units currently occupied by long‑term tenants
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
285
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner commercial property combining a flexible front building with two occupied residential units at the rear.
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 front commercial building; Two residential rental units at the rear; Both residential units currently occupied by long‑term tenants
