811 50th St, Lubbock, TX 79404-3662
This exceptional restaurant property, located at 811 50th Street in Lubbock, Texas, offers 2,060 square feet of space in a single-tenant building on a 14,692 square foot lot. Built in 1961 and renovated in 2005, the property boasts a highly desirable location at the corner of 50th Street and Interstate 27, ensuring high visibility and accessibility. The building features a modern kitchen with stainless steel finishes, a state-of-the-art vent hood equipped with an ANSL fire suppression system, and a substantial 1000-gallon grease trap. Additional amenities include a convenient office, a spacious walk-in freezer, and a double-sided drive-through for optimal customer service. Ample parking is provided with 25 spaces. The property is zoned F1-Real commercial (APN: R305645) and offers a unique opportunity for a thriving restaurant business. The lease terms include a five-year agreement with a discounted monthly rate of $2500 for the first year (requiring a six-month advance payment), increasing to $3300 monthly for years two through five. Existing kitchen equipment is available for separate purchase.
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Premium Vapor Company (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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