4950 Loop 289 Lubbock, TX 79414
- Turn key restaurants
- 7,042 SF
- 0.68 lot acres
Current Use by Public Records
- Hooters / Restaurant / Seafood Restaurant
Property Details for 4950 Loop 289
- Year built
- 1980
- Lot size
- 0.68 lot acres
- Property size
- 7,042 SF
- Zone code
- 38
- Property type
- Turn key restaurants
- APN
- R119147
- APU
- R119147
Description
This 7,042 square foot restaurant is located at 4950 South Loop 289 in Lubbock, Texas, offering high visibility frontage on a major road and situated as an outparcel of a retail center. The property boasts 67 parking spaces and sits adjacent to South Plains Mall, home to nationally recognized tenants such as Chick-fil-A, Barnes & Noble, JCPenny, Dillards (recently expanded to a 220,000 square foot flagship store), and Foot Locker. Lubbock is a rapidly growing market, projected to experience an 8% annual population increase over the next five years, fueled by its status as a college town (5 miles from Texas Tech University with over 41,000 students) and a medical center hub (home to Texas Tech University Health Sciences Center, University Medical Center, and Covenant Medical Center). The property is zoned Auto Urban Commercial and sits on a 0.68-acre lot, providing ample space and excellent access via Slide Road and South Loop 289 Access Road. This location benefits from strong surrounding retail and the consistent traffic generated by the nearby mall and institutions. The property's single-tenant occupancy presents a unique investment opportunity in a thriving Texas market. Lubbock County location, zip code 79414.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.92
- Latitude
- 33.5352
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA
