Property summary
This Lubbock, Texas investment opportunity comprises two buildings totaling 9,726 square feet on a 1.27-acre lot zoned HC (Heavy Commercial). Building 1, a former showroom spanning 8,576 square feet, offers flexible space for various commercial uses. Building 2, a 1,150-square-foot facility currently leased month-to-month for $1,200, operates as a used car dealership. The property boasts high visibility and accessibility in a dense commercial district. The asking price is $625,000, with a land value of $68.37 per square foot. Currently, the occupancy rate is 50%, presenting an opportunity for increased rental income through lease renegotiation or attracting new tenants to the vacant showroom. The property's location on Avenue Q/48th Street in Lubbock County, Texas (zip code 79412) provides excellent access to major thoroughfares and a high volume of traffic. The flexible zoning allows for a wide range of commercial activities, making this a versatile investment opportunity for owner-users or investors seeking strong rental income potential. The property's size and location make it an attractive option for businesses seeking high visibility and accessibility in a thriving commercial area. The existing lease on Building 2 provides immediate cash flow, while the vacant Building 1 presents a chance to increase profitability.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning