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    8004 Indiana Ave Lubbock, TX 79423

    Sponsored
    For Lease
    $12 SF/Yr

    Prime Lubbock Retail Space, Two Units Available

    Lot size:
    85,292 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Melonie Square, located at 8004 Indiana Ave, Lubbock, TX 79423, presents a fantastic opportunity for retail businesses. This single-story, 85,292 square foot strip center, built in 1984 and renovated in 2016, is zoned NC (Neighborhood Commercial) in Lubbock County. The property boasts a prime location with high visibility and excellent access. Two available spaces offer flexible sizes, ranging from 1,325 to 4,020 square feet, ideal for a variety of retail uses. The center benefits from a strong tenant mix, including neighboring businesses such as New Taco Villa and First Bank and Trust auto bank, ensuring high foot traffic and brand synergy. For qualified tenants, build-out options and lease concessions are readily available. Enhance your business presence with the opportunity to utilize a marquee sign and exterior facade signage. This property offers a compelling combination of established infrastructure, convenient location, and attractive lease terms, making it an exceptional investment for discerning businesses seeking a thriving retail environment in Lubbock, Texas. The property's single-building design and ample square footage provide a versatile space adaptable to various retail concepts. The 2016 renovation ensures modern amenities and a well-maintained property. This is an excellent opportunity to establish or expand your business in a high-traffic area with strong neighboring businesses.

    Property Features for 8004 Indiana Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    85,292 SF
    Total Rate
    88845.83

    Building Details

    Year Built/Renovated
    1984/2016
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite A-13
    Size
    1,325 SF
    Rate per SF
    $12
    Space
    Suite B-15
    Size
    4,020 SF
    Rate per SF
    $12

    HighLights

    • Highly flexible build‑out and lease concessions available for qualified tenants.
    • High traffic count of 43,000 vehicles daily.
    • Ample parking with 501 spaces.
    • Excellent signage opportunities with marquee and exterior facade signage.
    • Strong tenant mix including diverse retail and service businesses such as Eskie Donuts, Bricks & Minifigs, and Dollar General.
    Property Profile Location Intelligence

    Current Use by Public Records

    All American Vinyl Craft Store Western Union Money Transfer Service National Health Care ... Home Health Care Service Dollar General Dollar Store Venice Nails Spa Nail Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -101.889083
    Latitude
    33.5216482

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Lubbock Retail Space, Two Units Available
    Where is this neighborhood center located?
    The property is located at 8004 Indiana Ave Lubbock, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Highly flexible build-out and lease concessions available for qualified tenants.; High traffic count of 43,000 vehicles daily.; Ample parking with 501 spaces.
    Request Owner's contact information
    8004 Indiana Ave Lubbock, TX 79423
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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
    8004 Indiana Ave Lubbock, TX 79423
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