Technical
Financial
Distress signals
Property profile

421 Frankford Ave Lubbock, TX 79416

OFF-MARKET
Turn key restaurants
Property ID
US82-3799396
2,839 SF 0.52 ac lot Built 2000
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,320 square foot retail space, located at 421 Frankford Avenue in Lubbock, Texas, presents a fantastic opportunity for a restaurant operator. Built in 2000, this single-story building sits on a single lot and offers a completely vacant space ready for immediate occupancy. The property is zoned C-3, allowing for a variety of commercial uses. The building features a total of 1,320 square feet, spread across one suite. The property's prime location at the intersection of 4th Street and Frankford Avenue boasts high visibility and significant traffic, with over 12,500 vehicles passing daily. This high-traffic area ensures excellent exposure for your business. The asking rent is $17 per square foot, with taxes, insurance, and CAM charges totaling $6.50 per square foot. A security deposit equal to the first month's rent is required. Tenant finish-out is negotiable, providing flexibility to customize the space to meet your specific needs. The property's APN is R148268, and it is situated in Lubbock County, Texas, zip code 79416. Note that this space does not include a venthood. This is an ideal location for a thriving business in a high-traffic area.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2000
Total area 2,839 SF
Lot 0.52 ac (22,829 SF)
Zoning code 38
APN R148268
UPID US82-3799396

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Restaurant

Location

421 Frankford Ave Lubbock, TX 79416-4188
Lubbock metro Census 408 LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

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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