1962 Buddy Holly AveLubbock, TX 79404

Property Details for 1962 Buddy Holly Ave

Year built

1953

Lot size

0.12 AC

Property size (Sq ft)

3,040 SF

Zone code

38

Property type

Retail properties

Property subtype

Retail space

APN

R133930

APU

R133930

Description

This 3,040-square-foot vacant commercial building, located at 1962 Buddy Holly Avenue in Lubbock, Texas, presents a unique investment opportunity. Priced at $150,000 ($49.34/sq ft), this Class C property offers flexible use potential for various commercial ventures. Situated on Buddy Holly Avenue, it benefits from high visibility and convenient access to significant traffic. The building's shell condition allows for complete customization to suit diverse business needs, from retail and office spaces to storage solutions. Its generous size provides ample room for creative layout and adaptability. The property is ready for immediate occupancy, providing a blank canvas for entrepreneurs and businesses seeking a well-located, adaptable space in a high-traffic area of Lubbock, Texas, within Lubbock County, zip code 79404. This versatile building is ideal for those looking to establish a new venture or expand existing operations. The property is categorized as industrial, mixed-use, and retail, and is classified as a flex/warehouse space. This is a prime opportunity to create a space perfectly tailored to your business vision.

• CAP approach

  CAP return

  Valuation

  6%

  $662,986

  6.5%

  $611,987

  7%

  $568,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $683,468

  Geo Method

  $921,747

• Alternative Use

  Use

  Valuation

  Residential

  $516,234

  Hospitality

  $472,868

  Educational

  $393,420

  Medical

  $406,951

  Retail

  $611,987

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5756

Longitude

-101.845

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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