4950 Loop 289 Lubbock, TX 79414
Property profile & analytics
4950 Loop 289 Lubbock, TX 79414
- Turn key restaurants
- 7,042 SF
- 0.68 lot acres
Property ID
US82-2613208
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hooters / Bar & Pub
Property Details for 4950 Loop 289
- Year built
- 1980
- Lot size
- 0.68 lot acres
- Property size
- 7,042 SF
- Zone code
- 38
- Property type
- Turn key restaurants
- APN
- R119147
- APU
- R119147
Description
This 7,042 square foot restaurant is located at 4950 South Loop 289 in Lubbock, Texas, offering high visibility frontage on a major road and situated as an outparcel of a retail center. The property boasts 67 parking spaces and sits adjacent to South Plains Mall, home to nationally recognized tenants such as Chick-fil-A, Barnes & Noble, JCPenny, Dillards (recently expanded to a 220,000 square foot flagship store), and Foot Locker. Lubbock is a rapidly growing market, projected to experience an 8% annual population increase over the next five years, fueled by its status as a college town (5 miles from Texas Tech University with over 41,000 students) and a medical center hub (home to Texas Tech University Health Sciences Center, University Medical Center, and Covenant Medical Center). The property is zoned Auto Urban Commercial and sits on a 0.68-acre lot, providing ample space and excellent access via Slide Road and South Loop 289 Access Road. This location benefits from strong surrounding retail and the consistent traffic generated by the nearby mall and institutions. The property's single-tenant occupancy presents a unique investment opportunity in a thriving Texas market. Lubbock County location, zip code 79414.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.92
- Latitude
- 33.5352
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,173
$223,538
$1,404,112
$1,627,650
-
$223,538
$1,404,112
$1,627,650
