Technical
Financial
Distress signals
Property profile

2329 34th St Lubbock, TX 79411

OFF-MARKET
Warehouses
Property ID
US82-3961793
9,344 SF 0.34 ac lot Built 1955
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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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

Location

2329 34th St Lubbock, TX 79411-1633
Lubbock metro Census 2301 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2015
5 recorded transactions
2020
Price N/A
2019
Price N/A
2015
Price N/A
1969
Price N/A
1969
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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