1621 19Th St Lubbock, TX 79401
For Sale
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This freestanding retail building, located at 1621 19th Street in Lubbock, Texas, presents a compelling investment opportunity. Boasting 4,000 square feet of usable space on a 5,393 square foot lot, this single-story, 1966-built structure is currently 100% occupied. The property is zoned CB-3 and benefits from its location in both the Opportunity Zone (Tract 7) and the Central Business District Revitalization Reinvestment Zone, offering significant potential for growth. Its strategic position between Texas Tech University, the Depot District, and Downtown Lubbock ensures high visibility and convenient access. The building features five on-site parking spaces, plus a secure 12' x 50' fenced, cemented, and locked area behind the building, ideal for storage or additional uses. Well-maintained and family-owned for over three decades, this property boasts a recently replaced roof (2005) and a regularly serviced HVAC system. The interior offers ample office and workspace, making it suitable for a variety of retail or office uses. The asking price is $299,000, translating to $74.75 per square foot. The property's APN is R123674. This is a rare opportunity to acquire a well-maintained, centrally located property with significant upside potential in a thriving Texas market.
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Galaxy Pawn Inc Discount Store (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
38 · Lubbock, TXNo recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.