4206 50th St, Lubbock, TX 79413-3865
This exceptional 5,920 square foot retail property in Lubbock, Texas, presents a lucrative investment opportunity. Located on a high-traffic section of 50th Street, the building boasts 173 feet of street frontage, ensuring maximum visibility for your business or tenant. The property features floor-to-ceiling windows across the entire front, maximizing natural light and showcasing the interior space. Ample parking is available for customers and employees. The building is situated on a 0.47-acre lot and has undergone noticeable renovations, ensuring a modern and attractive space. Its central Lubbock location offers easy access to Texas Tech University (a short 7-minute drive) and Loop 289, providing convenient access to the entire city. The strong commercial corridor of 50th Street is home to numerous food and shopping establishments, creating a vibrant and thriving business environment. Currently occupied by an existing tenant, this property offers immediate cash flow potential. The asking price is $490,000. This is a rare opportunity to acquire a well-located, high-visibility retail property in a growing market. The property's size, location, and existing tenant make it an ideal investment for both seasoned and new commercial real estate investors.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
38 · Lubbock, TXLubbock. Always verify with local authorities before improvements.
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Risks
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