701 50th St Lubbock, TX 79404-3758
Property profile & analytics
701 50th St Lubbock, TX 79404-3758
- Turn key restaurants
- 6,384 SF
- 1.32 lot acres
Property ID
US83-2852204
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
- Turn key restaurants
Property Details for 701 50th St
- Year built
- 1994
- Lot size
- 1.32 lot acres
- Property size
- 6,384 SF
- Zone code
- 38
- Property type
- Turn key restaurants
- APN
- R117725
- APU
- R117725
Description
This exceptional opportunity presents the chance to acquire George's Restaurant, a well-established Lubbock eatery with a rich history. Located at 701 E 50th St, Lubbock, TX 79404, this 6,384 square foot restaurant sits on a 1.319-acre lot. The property has undergone recent renovations, resulting in a turnkey operation ready for immediate use. The sale includes both the real estate and the established business, offering a seamless transition for the new owner. However, the seller is open to leasing the property to a qualified tenant. This prime location boasts high visibility and convenient access to major highways, ensuring a strong customer base. The asking price for the entire package is $1,000,000. Seller financing options are available, making this an attractive investment for those looking to enter the thriving Lubbock restaurant market. This iconic restaurant presents a unique opportunity to own a piece of Lubbock history and capitalize on a well-established, profitable business. The property's size and location make it an ideal investment for both operators and investors seeking a stable and successful venture. Don't miss this chance to own or lease a beloved Lubbock landmark.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.829
- Latitude
- 33.5492
- 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
$11,246
$17,238
$673,163
$690,401
-
$17,238
$673,163
$690,401
