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    OFF-MARKET
    Turn key restaurants

    811 50th St, Lubbock, TX 79404-3662

    2,060 SF 0.34 ac lot Built 1961
    Individually Owned 21-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-3274946
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1961
    Total area 2,060 SF
    Lot 0.34 ac (14,692 SF)
    APN R305645
    UPID US82-3274946
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Premium Vapor Company (Bike/Boat/Book/etc) Store Alternative Medicine Practice
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Jalal Aldin Mausavi Jam Mir · 21 yrs held
    Jalal Aldin Mausavi Jam Mir
    since 2004
    1 recorded transaction
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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