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

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%

  $302,089

  6.5%

  $278,851

  7%

  $258,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $168,961

  Geo Method

  $227,867

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $535,978

  Mixed-Use / Specialty

  $281,013

  Hospitality / Lodging

  $210,279

  Office

  $282,630

  Institutional / Educational

  $293,268

  Residential Income

  $343,124

  Multifamily

  $394,029

  Automotive / Energy

  $251,373

  Parking / Income-Based Land

  $83,627.80

  Restaurant / Food Service

  $152,892

  Healthcare / Senior Housing

  $284,937

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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