1526 19Th StLubbock, TX 79403

Property Details for 1526 19Th St

Year built

1965

Lot size

0.30 AC

Property size (Sq ft)

5,100 SF

Zone code

38

Property type

Retail properties

Property subtype

Strip malls

APN

R119952

APU

R119952

Description

This exceptional 5,000 square foot retail property at 1526 E 19th Street, Lubbock, TX, presents a unique investment opportunity. Situated on a 0.3-acre lot, it boasts unparalleled views of the Lubbock Canyon Lake System, offering a highly desirable location for a variety of commercial ventures. Currently a blank canvas, this space is ready for immediate occupancy by new tenants. The property is ideally suited for a restaurant, drive-through business, or retail store. Its location within an Opportunity Zone presents the potential for securing city grants to assist with build-outs and renovations, making it an even more attractive proposition. The current owner is actively undertaking significant improvements, including the installation of a new roof and facade enhancements, ensuring the property is presented in excellent condition for its new owner. Priced at $325,000, this property offers a compelling combination of prime location, attractive features, and significant potential for growth. Don't miss this chance to acquire a truly distinctive retail space in a thriving Lubbock location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,112,246

  6.5%

  $1,026,689

  7%

  $953,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,146,607

  Geo Method

  $1,546,353

• Alternative Use

  Use

  Valuation

  Residential

  $866,051

  Hospitality

  $793,298

  Educational

  $660,014

  Medical

  $682,713

  Retail

  $1,026,689

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5789

Longitude

-101.819

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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