3201 34Th StLubbock, TX 79410
- Retail properties
- 2,550 SF
Property Details for 3201 34Th St
- Year built
- 1956
- Lot size
- 0.34 AC
- Property size (Sq ft)
- 2,550 SF
- Zone code
- 38
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- R46786
- APU
- R46786
Description
This exceptional 2,550 square foot vacant shopping center is ideally situated on 34th Street in Lubbock, Texas, directly across from the vibrant Tech Terrace neighborhood. Boasting a prime location and high traffic volume, this property presents a multifaceted investment opportunity. The single-story building sits on a spacious 15,000 square foot lot and is ready for immediate occupancy. Previously planned for conversion into a unique restaurant concept, complete remediation has been undertaken, and the seller is open to sharing their detailed plans and renderings with potential buyers. This versatile property offers various investment strategies, including utilizing the front parking lot and building as one investment and the rear lot as a separate multi-family development. The asking price is $795,000, translating to $311.76 per square foot. The property's address is 3201 34th St, Lubbock, TX 79410. This is a rare chance to acquire a well-located commercial property with significant potential in a thriving Lubbock neighborhood. The property is currently vacant and offers a blank canvas for a wide range of commercial ventures.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $556,123
- 6.5%
- $513,345
- 7%
- $476,677
-
Comparable approach
- Method
- Valuation
- Relative Method
- $573,304
- Geo Method
- $773,176
-
Alternative Use
- Use
- Valuation
- Residential
- $433,025
- Hospitality
- $396,649
- Educational
- $330,007
- Medical
- $341,357
- Retail
- $513,345
Location Insight
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Latitude
- 33.563
- Longitude
- -101.884
- CBSA code
- 31180
- CBSA name
- LUBBOCK, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].