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    OFF-MARKET
    Strip malls

    3201 34th St, Lubbock, TX 79410

    2,550 SF 0.34 ac lot Built 1956
    Trust Owned 5-yr Hold Free & Clear
    Property ID
    US82-2553877
    Property summary
    AI-generated overview

    This exceptional 2,550 square foot vacant shopping center is ideally situated on 34th Street in Lubbock, Texas, directly across from the vibrant Tech Terrace neighborhood. Boasting a prime location and high traffic volume, this property presents a multifaceted investment opportunity. The single-story building sits on a spacious 15,000 square foot lot and is ready for immediate occupancy. Previously planned for conversion into a unique restaurant concept, complete remediation has been undertaken, and the seller is open to sharing their detailed plans and renderings with potential buyers. This versatile property offers various investment strategies, including utilizing the front parking lot and building as one investment and the rear lot as a separate multi-family development. The asking price is $795,000, translating to $311.76 per square foot. The property's address is 3201 34th St, Lubbock, TX 79410. This is a rare chance to acquire a well-located commercial property with significant potential in a thriving Lubbock neighborhood. The property is currently vacant and offers a blank canvas for a wide range of commercial ventures.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1956
    Total area 2,550 SF
    Lot 0.34 ac (15,000 SF)
    Zoning code 38
    APN R46786
    UPID US82-2553877
    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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    Blend (final) Blend
    by Request
    Owner & transaction history
    Young Family Trust · 5 yrs held
    Young Family Trust
    since 2020
    6 recorded transactions
    2020
    2015
    2015
    $197,600
    1969
    1969
    1969
    Zoning & alternative use
    38 · Lubbock, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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