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    1701 Texas Ave Lubbock, TX 79401

    Sponsored
    For Lease
    $14 SF/Yr

    Prime Depot District location; flexible space available.

    Lot size:
    21,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity, located in Lubbock's vibrant Depot District, offers 21,500 square feet of space across five suites within a single, one-story building. The property boasts a highly visible corner location at Texas Avenue & 18th, directly off I-27, ensuring excellent accessibility for patrons from throughout Lubbock and the surrounding areas. The space is zoned MU-3 - General, allowing for a variety of uses. Currently, one space is available, ranging from 4,018 to 8,000 contiguous square feet, making it ideal for a variety of concepts. The open floor plan is perfect for a bar, lounge, restaurant, or entertainment venue. A key feature is the outdoor seating area conveniently located by the East entrance, providing an attractive amenity for customers. This property sits in the heart of the Depot Entertainment District and the Cultural District, benefiting from high foot traffic and a lively atmosphere. The minimum divisible space is 4,018 square feet, offering flexibility for businesses of varying sizes. This is a rare chance to secure a prominent location in a thriving area. The property's strategic placement and adaptable layout make it an exceptional investment opportunity.

    Property Features for 1701 Texas Ave

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,500 SF
    Total Rate
    25083.33

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    1701 Texas Ave
    Size
    8,000 SF
    Rate per SF
    $14

    HighLights

    • Retail/Special Purpose property totaling 21,500 square feet.
    • Single‑story building with five suites available, ranging from 4,018 to 8,000 contiguous square feet.
    • MU‑3 General zoning.
    • High‑visibility corner location in the Depot District, offering excellent access from I‑27.
    • Features an outdoor seating area and is situated in a high‑traffic area within the Depot and Cultural Districts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lubbock HomeownersInsurance Solutions Insurance Agency The Library Bar Lubbock Bar Library III Bar

    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
    -101.84559087773
    Latitude
    33.579774479101

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    FAQs

    What type of property is this?
    Specialty property - Prime Depot District location; flexible space available.
    Where is this specialty property located?
    The property is located at 1701 Texas Ave Lubbock, TX.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Retail/Special Purpose property totaling 21,500 square feet.; Single-story building with five suites available, ranging from 4,018 to 8,000 contiguous square feet.; MU-3 General zoning.
    Request Owner's contact information
    1701 Texas 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
    1701 Texas Ave Lubbock, TX 79401
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