5407 4Th StLubbock, TX 79416

Property Details for 5407 4Th St

Year built

1984

Lot size

0.78 AC

Property size (Sq ft)

9,903 SF

Zone code

38

Property type

Strip malls

Property subtype

Neighborhood centers

APN

R30537

APU

R30537

Description

This exceptional retail opportunity is located in the thriving Woodhaven Shopping Center in Northwest Lubbock, Lubbock County. The center boasts a total of 9,903 square feet, with a single, immediately available suite of 1,680 square feet. Built in 1984, this locally owned and managed property offers a strong tenant mix, providing excellent synergy and foot traffic. Current co-tenants include established businesses such as George's Restaurant, Allstate Insurance, Sun Belt Finance, Domino's Pizza, Goody's Popcorn, and Edward Jones, among others. The property is a neighborhood center/shopping center with multiple tenants. The asking price is highly competitive at $15.00 per square foot. Utilities are the responsibility of the tenant. This is a rare chance to secure a well-positioned retail space in a stable and successful shopping center. Don't miss this opportunity to establish your business in a prime Northwest Lubbock location. The available space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,159,721

  6.5%

  $1,993,589

  7%

  $1,851,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,226,441

  Geo Method

  $3,002,653

• Alternative Use

  Use

  Valuation

  Residential

  $1,681,667

  Hospitality

  $1,540,398

  Educational

  $1,281,593

  Medical

  $1,325,669

  Retail

  $1,993,589

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.592

Longitude

-101.927

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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