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    2211 Marsha Sharp Fwy Lubbock, TX 79415

    Sponsored
    For Sale
    $1,200,000

    High-traffic Lubbock location, huge potential.

    Property size:
    8,181 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,181-square-foot mixed-use property, located at 2211 Marsha Sharp Fwy W in Lubbock, Texas, is available for $1,200,000. Situated on a nearly one-acre lot (43,036 sq ft) with 330 feet of frontage on the Marsha Sharp Freeway (US-62/82), this property offers unparalleled visibility and accessibility. Previously operating as a well-known nightclub, the building features three separate bars, six bar stations, a VIP lounge with a private entrance, a lighted staircase, a green room/dressing room, raised platforms with poles, and ample storage. The property also boasts three 10-ton HVAC units and an owned point-of-sale (POS) system. Built in 1965, the single-story building is zoned for Interstate Highway commercial use, presenting a multitude of redevelopment opportunities. Its proximity to Texas Tech University and downtown Lubbock makes it ideal for various commercial ventures, including retail, multi-family housing, or student housing. The substantial paved lot allows for expansion or the addition of complementary businesses. This property represents a unique investment opportunity in a high-demand area with significant upside potential. The APN is R57267. The property is currently vacant.

    Property Features for 2211 Marsha Sharp Fwy

    General Information

    Property type
    Restaurants
    Square Feet
    8,181 SF

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1

    HighLights

    • Free‑standing building, 8,181 square feet.
    • 8,181 SF building on a 43,036 SF lot.
    • $158.90 per square foot.
    • Business property zoned for Interstate Highway commercial use.
    • Luxor/Ohm building, previously a nightclub.
    • Built in 1965.
    Property Profile Location Intelligence

    Current Use by Public Records

    Save More Auto ... Used Car Dealer Texas Motors Used Car Dealer Club Luxor Bar Ohm Nightclub and Bar Bar

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8651745
    Latitude
    33.5921279

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    FAQs

    What type of property is this?
    Restaurant - High-traffic Lubbock location, huge potential.
    Where is this restaurant located?
    The property is located at 2211 Marsha Sharp Fwy Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Free-standing building, 8,181 square feet.; 8,181 SF building on a 43,036 SF lot.; $158.90 per square foot.
    Request Owner's contact information
    2211 Marsha Sharp Fwy Lubbock, TX 79415
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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
    2211 Marsha Sharp Fwy Lubbock, TX 79415
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