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    FOR SALE
    Warehouses

    1211 19Th St, Lubbock, TX 79401

    12,292 SF 1.67 ac lot Built 1950
    Individually Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-3477070
    1211 19Th St, Lubbock, TX 79401 For Sale
    $1,600,000 12,292 SF
    1211 19Th St, Lubbock, TX 79401
    View Listing →
    Property summary
    AI-generated overview

    This exceptional 13,417-square-foot retail property, located in Lubbock County, presents a unique investment opportunity. Situated on a generous 1.67 acres of land, this single-story building, constructed in 1990, offers ample space for a variety of uses. Currently vacant, the entire 13,417 square feet is available for lease, providing a blank canvas for a new business venture. The property's zoning is MU-3, allowing for flexibility in potential uses. Its convenient location, with cross-street access on 19th Street, ensures high visibility and accessibility for customers. The building's single-tenant occupancy offers a streamlined management experience. Ideal for an auto dealership or office space, this property boasts significant potential for growth and profitability. The expansive footprint and ample land provide ample room for expansion or outdoor display areas. This is a rare opportunity to acquire a substantial retail space in a desirable Lubbock County location. The property's single-story design offers easy accessibility and efficient use of space. The 1990 construction provides a solid foundation for a long-term lease. Serious inquiries are encouraged to explore the possibilities of this prime retail location. Contact us today to schedule a viewing and discuss your business needs.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1950
    Total area 12,292 SF
    Lot 1.67 ac (72,876 SF)
    Zoning code 38
    APN R61504
    UPID US82-3477070
    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
    Current use
    Occupant on record · Public records
    • Byrider Lubbock Car Dealership
    • Tex Fi Capital Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $765k
    Owner & transaction history
    International Bk Of Commerce · 7 yrs held
    International Bk Of Commerce
    since 2019
    7 recorded transactions
    2019
    $2.0M
    2017
    2016
    2016
    2016
    1969
    1969
    Zoning & alternative use
    38 · Lubbock, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.1M +52.2%
    Office building $960,000 +35.0%
    Retail stores $840,000 +18.2%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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