3520 50Th StLubbock, TX 79413

  • Commercial real estate
  • 4,444 SF
For Sale
$600,000 View listing

Property Details for 3520 50Th St

Year built
1962
Lot size
0.52 AC
Property size (Sq ft)
4,444 SF
Zone code
38
Property type
Commercial real estate
APN
R100716
APU
R100716

Description

This exceptional 4,500 square foot property, located at 3520 50th Street in Lubbock, Texas, presents a unique investment opportunity. Zoned for both retail and industrial use, this versatile space offers significant potential for a variety of businesses. The building itself boasts 4,500 square feet of usable space, ideally suited for a storefront operation with additional manufacturing or storage capabilities. Situated on a substantial 22,500 square foot lot, the property provides ample room for expansion or outdoor activities related to the business. The location is a key advantage, positioned on a high-traffic road strategically between Northwest and Southwest Lubbock, ensuring excellent visibility and accessibility for customers and employees. Previously occupied by American Cleaners, this property is offered at an asking price of $600,000. The property's dual zoning and prime location make it an attractive prospect for entrepreneurs seeking a blend of retail presence and industrial functionality. The substantial lot size offers flexibility for future development or expansion, adding further value to this compelling investment opportunity in the thriving Lubbock market. The property's zip code is 79413, and it's located in Lubbock County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $754,653
    Hospitality
    $691,258
    Educational
    $575,118
    Medical
    $594,898
    Retail
    $894,629

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.5491
Longitude
-101.892
CBSA code
31180
CBSA name
LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,605
$112,500
$143,701
$256,201
-
$112,500
$143,701
$256,201

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