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    OFF-MARKET
    Strip malls

    4206 50th St, Lubbock, TX 79413-3865

    5,920 SF 0.47 ac lot Built 1973
    Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-1286240
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1973
    Total area 5,920 SF
    Lot 0.47 ac (20,400 SF)
    Zoning code 38
    APN R30006
    UPID US82-1286240
    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
    • Images Printing & Copy Marketing & Advertising Printing Service
    • Bell Travel Services Travel Agency
    • 2nd Chance Books (Bike/Boat/Book/etc) Store
    • Shadeaides Shadeaides Department Store
    • Find Lubbock Homes Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Daniel Mull · 7 yrs held
    Daniel Mull
    since 2018
    3 recorded transactions
    2018
    $203,000
    2012
    2009
    Zoning & alternative use
    38 · Lubbock, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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