4537 34Th StLubbock, TX 79410

Property Details for 4537 34Th St

Year built

1960

Lot size

0.15 AC

Property size (Sq ft)

2,135 SF

Zone code

38

Property type

Retail space

APN

R35021

APU

R35021

Description

This exceptional commercial property at 4537 34th Street, Lubbock, Texas, offers 2,135 square feet of adaptable showroom and office space, perfect for a variety of businesses. Located in Lubbock County, this single-tenant property boasts an open layout ideal for retail or office use, including one private office and two restrooms. The building, constructed in 1960, sits on a 0.3-acre lot and is zoned NC. The property's convenient location on 34th Street, near thriving businesses such as Family Dollar, Sonic, and Meineke Car Care, ensures high visibility and accessibility. Recent improvements to 34th Street further enhance its appeal. The total building size is 6,135 square feet, with 2,135 square feet currently vacant. While there are no on-site parking spaces, the property's strategic location offers easy access to ample parking options in the surrounding area. This property presents a unique opportunity for businesses seeking a flexible and well-situated space in a dynamic commercial environment. Lease options are available at $1,600 per month plus NNN. The property is also available for purchase, offering a compelling investment opportunity. This single-story building offers a convenient and accessible location for your business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $354,179

  6.5%

  $326,934

  7%

  $303,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $198,096

  Geo Method

  $267,159

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $628,398

  Mixed-Use / Specialty

  $329,469

  Hospitality / Lodging

  $246,538

  Office

  $331,365

  Institutional / Educational

  $343,837

  Residential Income

  $402,290

  Multifamily

  $461,972

  Automotive / Energy

  $294,718

  Parking / Income-Based Land

  $98,048

  Restaurant / Food Service

  $179,256

  Healthcare / Senior Housing

  $334,070

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.563

Longitude

-101.909

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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