4533 34Th St Lubbock, TX 79410
- Commercial real estate
- 4,000 SF
- 0.15 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4533 34Th St
- Year built
- 1958
- Lot size
- 0.15 lot acres
- Property size
- 4,000 SF
- Zone code
- 38
- Property type
- Commercial real estate
- APN
- R34994
- APU
- R34994
Description
This exceptional mixed-use commercial building, located at 4533 34th Street in Lubbock, Texas, presents a unique investment opportunity. The property boasts a total of 6,135 square feet of net rentable space, situated on a 13,087 square foot lot. Built in 1960, this single-story, Class B building is currently vacant, with an occupancy date of November 18, 2024. The property is zoned for neighborhood commercial use and offers a flexible layout ideal for various businesses. The building comprises two sections: a 4,000 square foot warehouse space with a front-facing overhead door, and a 2,135 square foot retail/office area including restrooms. The open floor plan allows for easy customization to suit diverse needs, whether creating private offices or accommodating retail tenants. The asking price is $599,000, translating to $97.64 per square foot. This prime location benefits from recent 34th Street improvements and enjoys high traffic volume, surrounded by established businesses such as Little Tykes Daycare, Meineke Car Care Center, Family Dollar, Sonic, and EZ Mart. Ample parking is available. This property is perfect for owner-occupancy or as a lucrative investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $365,000
- 6.5%
- $365,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $365,000
- Geo Method
- $475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $315,000
- Mixed-Use
- $350,000
- Hospitality
- $390,000
- Educational
- $300,000
- Residential Income
- $340,000
- Energy
- $345,000
- Income-Based Land
- $300,000
- Food Service
- $375,000
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.909
- Latitude
- 33.563
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA