4718 Avenue Q Lubbock, TX 79412
- Retail properties
- 1,150 SF
- 55,467.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4718 Avenue Q
- Lot size
- 55,467.00 lot acres
- Property size
- 1,150 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.856
- Latitude
- 33.5509
