735 Us-62 Wolfforth, TX 79382
Property Lookup
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 735 Us-62
- Year built
- 1970
- Lot size
- 0.30 lot acres
- Property size
- 2,336 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This established convenience store, located at 735 US-62 in Wolfforth, Texas (Lubbock County, zip code 79382), presents a compelling owner-user investment opportunity. The 2,336 square foot building sits on a 0.3-acre lot and boasts a Class B rating. Built in 1970, the single-story structure includes four gas pumps, and features a drive-thru beverage barn (currently not in operation but ready for use). The property is zoned for outside city limits and has a single tenancy. Recent improvements totaling $60,000 include a newly reconditioned high-rise sign, a new digital price marquee, a new canopy, and a new Commander POS system. Financial performance for 2022 shows strong sales figures: $448,000 in lottery sales, $367,000 in inside sales, and $396,000 in outside sales. A 10-year lease agreement with the petroleum company is in place. The asking price is $299,000, translating to $128 per square foot. This property benefits from excellent highway access on and off Highway 62/82, proximity to two farmers' markets and Frenship ISD, and has received pre-qualification for SBA financing. The property's APN is R106634. This is a turnkey operation with significant potential for growth given the strong residential growth in the Lubbock and Wolfforth areas. The store offers lottery tickets, beer, and wine.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wolfforth
- County
- Lubbock
- State
- Texas
- Longitude
- -102.017
- Latitude
- 33.5
