4926 50Th StLubbock, TX 79414

Property Details for 4926 50Th St

Year built

1969

Lot size

0.30 AC

Property size (Sq ft)

1,821 SF

Zone code

38

Property type

Retail properties

Property subtype

Turn key restaurants

APN

R86768

APU

R86768

Description

This 2,065 sq ft freestanding restaurant building in Lubbock, Texas, is available for sale or lease. Located at 4926 50th St, near Slide Road, this property sits on a 13,133 sq ft lot and boasts a convenient drive-thru window and ample parking (19 spaces). Built in 1969, the building is zoned NC Neighborhood Commercial and is ideally suited for a restaurant or similar business. The property is offered AS-IS for $750,000 or is available for lease with tenant improvement options. Its previous use as a Pizza Hut location provides a strong foundation for a new tenant. The high-traffic location on 50th Street ensures excellent visibility and accessibility for customers. This turnkey opportunity presents a chance to establish or expand a business in a thriving Lubbock community. Lubbock County location and zip code 79414. The entire 2,065 square feet is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $397,137

  6.5%

  $366,588

  7%

  $340,404

• Comparable approach

  Method

  Valuation

  Relative Method

  $409,406

  Geo Method

  $552,139

• Alternative Use

  Use

  Valuation

  Residential

  $309,231

  Hospitality

  $283,254

  Educational

  $235,664

  Medical

  $243,769

  Retail

  $366,588

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5491

Longitude

-101.917

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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