Property profile

2203 Clovis Rd Lubbock, TX 79415

OFF-MARKET
Turn key restaurants
Property ID
US82-3253418
1,394 SF 0.42 ac lot Built 1952
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1952
Total area 1,394 SF
Lot 0.42 ac (18,453 SF)
Zoning code 38
APN R28592
UPID US82-3253418

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

2203 Clovis Rd Lubbock, TX 79415-3037
Lubbock metro Census 202 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2020
Price N/A

Zoning & alternative use

38 · Lubbock, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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