For Sale
$625,000

4718 Avenue QLubbock, TX 79412

Lubbock, TX Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
124
This Lubbock, Texas investment opportunity comprises two buildings totaling 9,726 square feet on a 1.27-acre lot zoned HC (Heavy Commercial). Building 1, a former showroom spanning 8,576 square feet, offers flexible space for various commercial uses. Building 2, a 1,150-square-foot facility currently leased month-to-month for $1,200, operates as a used car dealership. The property boasts high visibility and accessibility in a dense commercial district. The asking price is $625,000, with a land value of $68.37 per square foot. Currently, the occupancy rate is 50%, presenting an opportunity for increased rental income through lease renegotiation or attracting new tenants to the vacant showroom. The property's location on Avenue Q/48th Street in Lubbock County, Texas (zip code 79412) provides excellent access to major thoroughfares and a high volume of traffic. The flexible zoning allows for a wide range of commercial activities, making this a versatile investment opportunity for owner-users or investors seeking strong rental income potential. The property's size and location make it an attractive option for businesses seeking high visibility and accessibility in a thriving commercial area. The existing lease on Building 2 provides immediate cash flow, while the vacant Building 1 presents a chance to increase profitability.

Highlights

  • HC Zoning.
  • 8,576 SF Building 1.
  • 1,150 SF Building 2.
  • 1.27-Acre Lot.
  • $625,000 Asking Price.
  • $68.37/SF Land Value.

Property Details for 4718 Avenue Q

Property type
Retail properties, Retail space
Square Feet
1,150 SF
Lot Size (sq. ft)
2,416,142,520 SF

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.5509237
Longitude
-101.8557967
4718 Avenue Q, Lubbock, Texas

FAQs

What type of property is this?
Retail property - Lubbock, TX Retail Investment Opportunity
Where is the retail property located?
The property is located at 4718 Avenue Q Lubbock, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: HC Zoning.; 8,576 SF Building 1.; 1,150 SF Building 2.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4718 Avenue Q
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