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    2402 Broadway St Lubbock, TX 79401

    For Lease
    $21 SF/Yr ($2,975 /Mo)

    1700 sq ft, High Traffic, Texas Tech Area

    Lot size:
    1,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1700-square-foot retail space is ideally situated at 2402 Broadway Street in Lubbock, Texas, 79401, directly on Broadway Avenue near the main entrance to Texas Tech University. Benefitting from excellent daytime and nighttime traffic flow generated by both the university and neighboring businesses, this single-tenant property presents a remarkable opportunity. The space boasts a versatile layout including open retail areas, dedicated workspaces, ample storage, two restrooms, and a convenient on-site parking lot. Located in Lubbock County, this property offers immediate access to a large and diverse customer base. The open floor plan allows for flexible configuration to suit a variety of retail uses. The combination of high visibility, convenient location, and ample parking makes this property an attractive investment for businesses seeking a strong presence in a vibrant university community. The property's size and features are ideal for a range of retail concepts. This is a rare opportunity to secure a well-positioned retail space in a high-demand area.

    Property Features for 2402 Broadway St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,700 SF
    Total Rate
    2975

    Unit(s) available at that property

    Space
    Size
    1,700 SF
    Rate per SF
    $21

    HighLights

    • 1700 sq ft retail space at 2402 Broadway St, Lubbock, TX 79401.
    • High traffic location on Broadway Ave near Texas Tech University.
    • Single‑tenant property with versatile layout including open retail area, workspaces, storage, and two restrooms.
    • Ample on‑site parking.
    • Excellent visibility and access to a large customer base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.86853839454
    Latitude
    33.584518391245

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    FAQs

    What type of property is this?
    Retail property - 1700 sq ft, High Traffic, Texas Tech Area
    Where is this retail property located?
    The property is located at 2402 Broadway St Lubbock, TX.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 1700 sq ft retail space at 2402 Broadway St, Lubbock, TX 79401.; High traffic location on Broadway Ave near Texas Tech University.; Single-tenant property with versatile layout including open retail area, workspaces, storage, and two restrooms.
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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
    2402 Broadway St Lubbock, TX 79401
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