5020 50Th St Lubbock, TX 79414
- Strip malls
- 22,556 SF
- 1.83 lot acres
Current Use by Public Records
- Lubbock Cryo Recovery / Holistic Medicine Practitioner
- Stripe Show Club Fitters Lubbock / Golf Shop / Golf Club
- 806 Splatter / Painting Studio / Children'S Party Service
- Robert Spence Agency / Event Planner / Make-Up Artist
- CreativeMagic Photography / Photographer
Property Details for 5020 50Th St
- Year built
- 1984
- Lot size
- 1.83 lot acres
- Property size
- 22,556 SF
- Zone code
- 38
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- R87137
- APU
- R87137
Description
Yorktown Plaza, located at 5020 50th St, Lubbock, TX 79414, presents a prime retail opportunity. This 22,247 square foot strip center sits on a 1.83-acre lot and offers excellent visibility and accessibility. The property enjoys a strategic location between Thai Thai restaurant and Champs Sports Bar & Grill, benefitting from the high traffic generated by these established businesses. Its proximity to the intersection of 50th Street and Slide Road ensures significant exposure to a large customer base. Currently, one retail space is available for lease, measuring 5,160 square feet. This space is ideal for a variety of retail uses, providing ample room for a business to thrive in a well-established commercial area. The property's multiple tenancy structure creates a vibrant and diverse shopping environment, attracting a wide range of customers. This presents a unique opportunity to establish a presence in a bustling Lubbock commercial hub. The property's size and location make it an attractive investment for businesses seeking high visibility and convenient access for their customers. Interested parties are encouraged to inquire about lease terms and availability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $875,000
- 6.5%
- $885,000
- 7%
- $840,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $900,000
- Geo Method
- $855,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $970,000
- Retail
- $960,000
- Mixed-Use
- $905,000
- Hospitality
- $855,000
- Educational
- $890,000
- Residential Income
- $930,000
- Energy
- $945,000
- Income-Based Land
- $950,000
- Food Service
- $740,000
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.92
- Latitude
- 33.5499
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA
