Property profile

2408 98Th St Lubbock, TX 79423

OFF-MARKET
Retail properties & Spaces
7,150 SF Built 2018
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Property summary

AI-generated overview

This exceptional retail development opportunity is located at 2408 98th Street in Lubbock, Texas, 79423. The property consists of two buildings totaling 7,150 square feet, situated on a 0.93-acre lot. Currently, all 7,150 square feet are available for lease, offering flexible space options ranging from a minimum of 1,200 square feet to a maximum contiguous space of 7,150 square feet. Built in 2018, this prime retail location boasts a highly desirable street-level storefront tenancy, perfect for a variety of businesses. The development is conveniently located near the intersection of 98th Street and University Avenue, offering excellent visibility and accessibility. A significant advantage is its proximity to a Walmart Neighborhood Market, directly across the street, ensuring high foot traffic and customer exposure. Construction is slated to begin soon, with first-generation space ready for occupancy by the end of the first quarter of 2025. This presents a unique chance to secure a brand-new space in a thriving Lubbock retail corridor. The Lubbock County location provides access to a robust consumer base. This is an ideal opportunity for businesses seeking a high-traffic, well-located retail space in a rapidly growing area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2018
Total area 7,150 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2408 98Th St Lubbock, TX 79423
Lubbock metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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