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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1609 Phelps Ave Littlefield, TX 79339

9,300 SF
Property ID
Property summary
AI-generated overview

This exceptional retail space, located within the Prosperity Plaza Retail Center at 1609 Phelps Ave, Littlefield, TX 79339, offers 1,450 square feet of versatile commercial space. Ideally situated near Highway 84, this property boasts excellent visibility and accessibility within the Littlefield community. The space is an end-cap unit, previously a restaurant, and features a well-designed layout including ample open floor space, a restroom, and a fully equipped kitchen. This adaptable space is perfect for a variety of businesses and concepts, making it an attractive investment opportunity. The entire Prosperity Plaza Retail Center encompasses 9,300 square feet, with this specific unit representing the only currently available space. The minimum divisible space is 1,450 square feet, and the maximum contiguous space available is also 1,450 square feet. Located in Lamb County, Texas, this property presents a unique chance to establish or expand a business in a thriving community. The property's convenient highway access ensures high traffic volume and excellent exposure for any tenant. The existing kitchen and restroom facilities significantly reduce upfront renovation costs, allowing for a quicker and more cost-effective occupancy. Don't miss this chance to secure a prime retail location in Littlefield, Texas.

Property profile
Verified
Property type Retail properties & Spaces
Total area 9,300 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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