1013 Broadway St Lubbock, TX 79401
This exceptional 23,000-square-foot retail/office property, located at 1013 Broadway St in Lubbock, Texas, presents a remarkable redevelopment opportunity. Situated in the heart of Lubbock's Central Business District, this vacant building offers unparalleled potential for a variety of uses. Completely renovated in 2023, the property boasts a rich history, housed in a building originally constructed in 1940. The expansive space, situated on a 14,375 square foot lot, is zoned CB-2, allowing for diverse development options. Its prime location on Broadway Avenue places it within a thriving business and restaurant district, surrounded by historic architecture and a vibrant atmosphere. The asking price is $599,000, translating to $26.04 per square foot. This is an exceptional chance to capitalize on the growth and energy of downtown Lubbock, creating a landmark destination within a bustling commercial corridor. The property's size and location make it ideal for a multi-tenant development, catering to a range of businesses and contributing to the ongoing revitalization of this historic area. Don't miss this chance to own a piece of Lubbock's history and future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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