1801 19Th StLubbock, TX 79401

  • Other commercial real estate
  • 3,067 SF
For Sale
$395,000 View listing

Property Details for 1801 19Th St

Year built
1956
Property size (Sq ft)
3,067 SF
Zone code
38
Property type
Other commercial real estate
APN
R78485
APU
R78485

Description

This exceptional 3,067 square foot vacant commercial building presents a lucrative investment opportunity in Lubbock, Texas. Located at 1801 19th Street, this Class C property sits on a large lot with ample parking, offering significant potential for a variety of uses. Its strategic location on the corner of 19th Street and Avenue R ensures high visibility and traffic flow, placing it ideally across from the Depot district and near established businesses such as Cavender Lexus and Cadillac dealerships. The building's single-story design and 128.79$/sq ft price point make it an attractive proposition for entrepreneurs and investors alike. The property is currently vacant, providing immediate occupancy for a new business venture. This prime location in a growing and redeveloping area of Lubbock offers a unique chance to establish a thriving enterprise. The building's size and layout are well-suited for a bar or restaurant, but its versatility allows for adaptation to other retail uses. This is a rare opportunity to acquire a well-positioned commercial property in a dynamic and expanding market. The asking price is $395,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $520,819
    Hospitality
    $477,068
    Educational
    $396,915
    Medical
    $410,565
    Retail
    $617,423
1801 19Th St, Lubbock, Texas

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.5776
Longitude
-101.857
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
$2,775
-
$182,886
$182,886
-
-
$182,886
$182,886

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