2239 34Th StLubbock, TX 79411

Property Details for 2239 34Th St

Year built

1954

Lot size

0.06 AC

Property size (Sq ft)

1,480 SF

Zone code

38

Property type

Office properties

Property subtype

Office buildings

APN

R39274

APU

R39274

Description

This exceptional commercial property, located at 2239 34th Street in Lubbock, Texas, presents a compelling investment opportunity. The property boasts a generous 1,480 square feet of space situated on a conveniently sized 0.06-acre lot. Its versatile "Other" property type offers a wide range of potential uses, making it ideal for entrepreneurs and investors seeking a flexible space to adapt to their specific business needs. The asking price is $195,000, representing a strong value proposition in the thriving Lubbock market. The property's location within Lubbock provides easy access to major transportation routes and a diverse customer base. This makes it an attractive option for businesses seeking high visibility and convenient access for their clientele. The substantial square footage allows for ample space to accommodate various business operations, from retail to office space, or even a combination of uses. The 0.06-acre lot provides sufficient space for parking and potential future expansion. This property is ready for immediate occupancy, offering a seamless transition for new businesses or a straightforward addition to an existing portfolio. Serious inquiries are encouraged to explore the full potential of this promising investment. The property's versatility and prime location in Lubbock, Texas, make it a truly exceptional opportunity for discerning investors. Don't miss out on this chance to acquire a valuable asset in a dynamic and growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $219,571

  6.5%

  $202,681

  7%

  $188,204

• Comparable approach

  Method

  Valuation

  Relative Method

  $132,040

  Geo Method

  $178,074

• Alternative Use

  Use

  Valuation

  Residential

  $251,324

  Hospitality

  $230,212

  Educational

  $191,534

  Medical

  $198,121

  Retail

  $297,941

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.563

Longitude

-101.865

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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