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    OFF-MARKET
    Turn key restaurants

    2203 Clovis Rd, Lubbock, TX 79415-3037

    1,394 SF 0.42 ac lot Built 1952
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-3253418
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Colimas Mexican restaurant Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Elva D Torres · 1 yrs held
    Elva D Torres
    since 2025
    2 recorded transactions
    2025
    2020
    Zoning & alternative use
    38 · Lubbock, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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