Lubbock Restaurant with
4529 34th Street, Lubbock, TX 79410
Turnkey restaurant opportunity with drive-thru on active commercial corridor.
Type:SCR-REST
Property size:
640 SFLot size:
0.15 AcresPrice / SF:
$195/SF- Added:
- Dec 29, 2025
- Days on Market:
- 155
- Last Refresh:
- Apr 3 at 4:58 am
Property Features for 4529 34th Street
General Information
- Standard status
- Active
- Size
- 640 SF
- Lot size
- 0.15 Acres
- Property subtype
- SCR-REST
Building Details
- Year Built
- 1965
Listing agent Jeremy Steen License #685530 (806) 392-0578
Listing office KW Commercial | Lubbock | Jeremy Steen (806) 392-0578
Listing date Dec 29, 2025
Source Realnex
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Lubbock | Jeremy Steen
HighLights
- Dedicated drive‑thru lane provides a competitive advantage on a high‑traffic commercial corridor.
- Turnkey‑ready restaurant with existing infrastructure allows for immediate operation.
- Located on one of Lubbock's most active commercial corridors (34th St).
- High‑efficiency and low‑overhead design suited for drive‑thru and walk‑up service.
- 640 SF freestanding building ideal for an owner‑operator or investor.
- Includes 8 paved parking spots on a 0.15‑acre lot.
Overview
This 640 square foot freestanding building, situated on a 0.15-acre lot, presents a rare opportunity to acquire a second-generation restaurant asset in Lubbock. The property is located on one of Lubbock’s most active commercial corridors and features a dedicated drive-thru lane. As a former long-term restaurant site, the property possesses the essential infrastructure needed for food service. This allows a new owner to move straight toward operations. The site is built for high-efficiency and low-overhead, aligning with the demand for drive-thru and walk-up service. The property includes 8 paved parking spots and offers a chance to own a piece of Lubbock’s commercial landscape in a location with a proven track record.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.4k | $16.20 |
| − Vacancy | −$726 | −$1.13 |
| EGI | $9.6k | $15.07 |
| − OpEx | −$2.4k | −$3.77 |
| NOI | $7.2k | $11.30 |
640 SF · lease $16.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$103.3K
$90.4K – $120.5K
NOI $7,232 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$161.3K
$141.2K – $188.2K
NOI $11,294 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
El Ranchito Burrito
Restaurant
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.9085926
- Latitude
- 33.5630203
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Turnkey restaurant opportunity with drive-thru on active commercial corridor.
Where is this drive through restaurant located?
The property is located at 4529 34th Street Lubbock, TX.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Dedicated drive‑thru lane provides a competitive advantage on a high‑traffic commercial corridor.; Turnkey‑ready restaurant with existing infrastructure allows for immediate operation.; Located on one of Lubbock's most active commercial corridors (34th St).
