735 Us-62 Wolfforth, TX 79382
- Retail properties
- 2,336 SF
- 0.30 lot acres
Current Use by Public Records
- Retail properties
Property Details for 735 Us-62
- Year built
- 1970
- Lot size
- 0.30 lot acres
- Property size
- 2,336 SF
- Property type
- Retail properties
- 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
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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
