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    1719 Buddy Holly Ave Lubbock, TX 79401

    Sponsored
    For Sale
    $1,400,000

    13,000 SF, Multi-Use Potential, High Visibility

    Property size:
    13,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,000 square foot, two-story freestanding building in Lubbock, Texas presents a unique investment opportunity. Previously a successful nightclub and restaurant, this versatile property boasts 12,818 square feet of net rentable space and offers immense potential for various uses, including retail, restaurants, event venues, or service-based businesses. The building features a distinctive wrap-around upper balcony, a spacious lower patio area, and a fully equipped commercial kitchen. Large overhead doors seamlessly connect the interior to the vibrant nightlife of the Depot District. The upper floor provides open views of the lower level, creating a dynamic atmosphere. Located on Buddy Holly Avenue in the heart of the Depot District, this high-visibility corner property enjoys close proximity to popular attractions like the Triple J Chophouse and Cactus Theater, as well as convenient access to I-27 and Marsha Sharp Freeway, and minutes from Texas Tech. The current tenant's lease expires December 31, 2024, offering flexible lease terms. This property's historical charm, adaptable layout, and prime location make it an ideal investment for those seeking a prominent and dynamic space in Lubbock's thriving market. The property's APN is R126464. The asking price is $1,400,000.

    Property Features for 1719 Buddy Holly Ave

    General Information

    Property type
    Restaurants
    Square Feet
    13,000 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • $1,400,000 asking price for a 12,818 SF retail property.
    • Free‑standing building, previously a nightclub/restaurant, with multi‑use potential.
    • Features a wrap‑around upper balcony, lower patio, and commercial kitchen.
    • Located in Lubbock, TX's Depot District, near Texas Tech and major roadways.
    • Lease expires 12/31/2024; special lease terms available.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Depot District Tourist Attraction Bentley Arrow Craft Store

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail 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
    -101.84424719609
    Latitude
    33.578991701917

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    FAQs

    What type of property is this?
    Restaurant - 13,000 SF, Multi-Use Potential, High Visibility
    Where is this restaurant located?
    The property is located at 1719 Buddy Holly Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: $1,400,000 asking price for a 12,818 SF retail property.; Free-standing building, previously a nightclub/restaurant, with multi-use potential.; Features a wrap-around upper balcony, lower patio, and commercial kitchen.
    Request Owner's contact information
    1719 Buddy Holly Ave 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
    1719 Buddy Holly Ave Lubbock, TX 79401
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