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    OFF-MARKET
    Warehouses

    2329 34th St, Lubbock, TX 79411-1633

    9,344 SF 0.34 ac lot Built 1955
    Entity Owned 11-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-3961793
    Property summary
    AI-generated overview

    This exceptional mixed-use property in central Lubbock, Texas, presents a remarkable investment opportunity. Located on the highly desirable 34th Street, this 10,546 square foot property boasts three separate buildings, each offering unique potential for redevelopment. Built in 1955, the two-story structure currently sits vacant, providing a blank canvas for a variety of commercial ventures. The asking price is $230,000, translating to $21.81 per square foot. Previous uses have included a retail store, storage units, a movie theater, and even a batting cage, showcasing the property's versatility and adaptability. The property's prime location on 34th Street in Lubbock, Lubbock County, Texas (zip code 79411) offers excellent visibility and accessibility. With its substantial square footage and multiple buildings, this property is ideal for an investor seeking a significant return on investment through renovation and repurposing. The possibilities are truly endless, making this a rare and exciting opportunity in the thriving Lubbock market. The property is classified as Class A and is currently vacant, allowing for immediate occupancy and customization to suit the buyer's vision. This is a chance to acquire a substantial commercial property in a prime location with a rich history and a bright future.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1955
    Total area 9,344 SF
    Lot 0.34 ac (14,708 SF)
    Zoning code 38
    APN R68523
    UPID US82-3961793
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    82 North Investment LLC · 11 yrs held
    82 North Investment LLC
    since 2015
    5 recorded transactions
    2020
    2019
    2015
    1969
    1969
    Zoning & alternative use
    38 · Lubbock, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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