1801 19Th St Lubbock, TX 79401
- Commercial real estate
- 3,067 SF
Current Use by Public Records
- Stilletos dance Hall / Dance Hall
- Lubbock Police Department East Division Station / Public Safety Office
Property Details for 1801 19Th St
- Year built
- 1956
- Property size
- 3,067 SF
- Zone code
- 38
- Property type
- Commercial real estate
- APN
- R78485
- APU
- R78485
Description
This exceptional 3,067 square foot vacant commercial building presents a lucrative investment opportunity in Lubbock, Texas. Located at 1801 19th Street, this Class C property sits on a large lot with ample parking, offering significant potential for a variety of uses. Its strategic location on the corner of 19th Street and Avenue R ensures high visibility and traffic flow, placing it ideally across from the Depot district and near established businesses such as Cavender Lexus and Cadillac dealerships. The building's single-story design and 128.79$/sq ft price point make it an attractive proposition for entrepreneurs and investors alike. The property is currently vacant, providing immediate occupancy for a new business venture. This prime location in a growing and redeveloping area of Lubbock offers a unique chance to establish a thriving enterprise. The building's size and layout are well-suited for a bar or restaurant, but its versatility allows for adaptation to other retail uses. This is a rare opportunity to acquire a well-positioned commercial property in a dynamic and expanding market. The asking price is $395,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $390,000
- 6.5%
- $370,000
- 7%
- $420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $360,000
- Mixed-Use
- $430,000
- Hospitality
- $335,000
- Educational
- $345,000
- Residential Income
- $370,000
- Energy
- $350,000
- Income-Based Land
- $410,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.857
- Latitude
- 33.5776
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA