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    Property profile & analytics
    FOR LEASE
    Strip malls

    3003 50Th St, Lubbock, TX 79413

    10,800 SF 0.68 ac lot Built 2006
    Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US83-4177192
    Property summary
    AI-generated overview

    This exceptional 10,010 square foot retail shopping center, located at 3003 50th Street in Lubbock, Texas, presents a fantastic opportunity for discerning businesses. Built in 2006 and renovated in 2017, the Class B property boasts four suites, with two currently available. Each available suite offers a minimum of 2,500 square feet and a maximum contiguous space of 2,500 square feet. The flexible layout allows for customization to suit various retail needs. The property features retail showrooms, complemented by ample storage and office areas, providing a comprehensive and functional space for your business. Benefit from excellent street visibility on the south side of 50th Street, strategically positioned between University Avenue and Indiana Avenue in central Lubbock, ensuring high traffic and prominent exposure. The property is situated in Lubbock County, Texas, with a zip code of 79413. This well-maintained center offers a blend of modern amenities and a prime location, making it an ideal investment for businesses seeking a thriving retail environment in a bustling area of Lubbock. The property's multiple suite configuration provides flexibility for various business models and expansion possibilities. Don't miss this chance to secure your place in this established and highly visible retail center.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2006
    Total area 10,800 SF
    Lot 0.68 ac (29,754 SF)
    APN R310091
    UPID US83-4177192
    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
    • T-Mobile Mobile Phone Store Electronics & Wireless Store
    • Guardian Home Care Services Production Facility
    • Western Union Bank Credit Union
    • BritKare Home Medical Production Facility
    • Advance America Loan Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    French St LLC · 9 yrs held
    French St LLC
    since 2017
    3 recorded transactions
    2017
    2016
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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