8116 19Th StLubbock, TX 79407

Property Details for 8116 19Th St

Year built

1985

Lot size

0.82 AC

Property size (Sq ft)

4,000 SF

Zone code

17

Property type

Retail properties

Property subtype

Retail space

APN

R37291

APU

R37291

Description

This exceptional retail opportunity presents a 4,245-square-foot storefront located at 8116 19th Street in Lubbock, Texas, 79407. Situated on a substantial 13.82-acre lot, this property boasts prime frontage and excellent visibility on West 19th Street, between Alcove Avenue and FM 179, experiencing traffic counts exceeding 15,000 vehicles per day. The building, formerly a well-established retail store, features newly updated LED lighting throughout, a three-phase electrical system, and a well and septic system. Two HVAC units were replaced within the last four years, ensuring efficient climate control. The expansive acreage surrounding the building offers significant potential for various uses, complementing the existing retail space. This move-in-ready property is priced at $700,000 and presents a rare combination of established retail space and significant land potential in a high-traffic location. The property's history as a successful retail establishment, coupled with its modern updates and ample land, makes it an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $872,350

  6.5%

  $805,246

  7%

  $747,729

• Comparable approach

  Method

  Valuation

  Relative Method

  $899,300

  Geo Method

  $1,212,826

• Alternative Use

  Use

  Valuation

  Residential

  $679,255

  Hospitality

  $622,194

  Educational

  $517,658

  Medical

  $535,461

  Retail

  $805,246

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5784

Longitude

-101.996

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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