2203 Clovis Rd, Lubbock, TX 79415-3037
This thriving Lubbock restaurant presents a fantastic investment opportunity. Located at 2203 Clovis Rd, Lubbock, TX 79415, this 1,394 square foot retail space is priced at $220,000, or $157.82 per square foot. Built in 1984, the property sits on a generous 18,453 square foot lot, offering ample space and potential for expansion or outdoor seating. The restaurant is in excellent condition and ready for immediate occupancy, making it ideal for established chefs or restaurateurs looking for a move-in-ready location. The property's history of serving the Lubbock community positions it for continued success under new ownership. This turnkey operation offers a rare chance to acquire a well-established business in a desirable location. The property's size and location within Lubbock County provide a strong foundation for future growth and profitability. This is a prime opportunity for an experienced restaurateur to step into an existing, successful business and capitalize on its established customer base and prime location. Serious inquiries are encouraged to explore this exceptional investment prospect.
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Colimas Mexican restaurant Restaurant
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, TXLubbock. Always verify with local authorities before improvements.
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.