5718 4Th StLubbock, TX 79416

Property Details for 5718 4Th St

Year built

1985

Lot size

0.78 AC

Property size (Sq ft)

7,140 SF

Zone code

38

Property type

Strip malls

Property subtype

Neighborhood centers

APN

R110466

APU

R110466

Description

This exceptional 1,745 square foot retail end-cap space is situated within a well-established shopping center in northwest Lubbock, Texas. Located at 5718 4th Street, 79416, this Class B property, built in 1985, offers high visibility and accessibility on a major commercial thoroughfare near the intersection of 4th Street and Frankford Avenue. The center enjoys a shadow anchor of Walmart, significantly boosting foot traffic and visibility. Currently occupied by a nail salon, this versatile space is ideal for a variety of retail uses. The property's prime location provides convenient access to downtown Lubbock, Texas Tech University, and Lubbock Christian University via major roadways including 4th Street, North Loop 289, and West Loop 289. The surrounding area is experiencing significant growth, with numerous new businesses establishing themselves nearby. Nearby amenities include Alamo Drafthouse Cinema, Chick-fil-A, and a recently opened Raising Cane's. The total building size is 7,025 square feet, with a minimum divisible space of 1,745 square feet. This presents a fantastic opportunity for businesses seeking a high-traffic location in a thriving area of Lubbock. The property's strategic placement and strong surrounding businesses make it an attractive investment for retail ventures. The space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,184,470

  6.5%

  $1,093,350

  7%

  $1,015,260

• Comparable approach

  Method

  Valuation

  Relative Method

  $662,484

  Geo Method

  $893,448

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,101,530

  Mixed-Use / Specialty

  $1,101,830

  Hospitality / Lodging

  $824,488

  Office

  $1,108,170

  Institutional / Educational

  $1,149,880

  Residential Income

  $1,345,360

  Multifamily

  $1,544,960

  Automotive / Energy

  $985,613

  Parking / Income-Based Land

  $327,898

  Restaurant / Food Service

  $599,478

  Healthcare / Senior Housing

  $1,117,220

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5927

Longitude

-101.938

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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