Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
38 · Lubbock, TXZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 38 in Lubbock, TX.
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