2202 Buddy Holly AveLubbock, TX 79404

Property Details for 2202 Buddy Holly Ave

Year built

1950

Lot size

0.53 AC

Property size (Sq ft)

9,170 SF

Zone code

38

Property type

Commercial real estate

APN

R134244

APU

R134244

Description

This exceptional Lubbock, Texas nightclub opportunity, located at 2202 Buddy Holly Avenue, boasts 9,170 square feet of space. The property is currently vacant and ready for immediate occupancy, presenting a unique chance to establish a thriving entertainment venue. The building, classified as Class C, consists of two single-story structures. The asking price is $375,000, translating to $40.89 per square foot. Its prime location on Buddy Holly Avenue ensures high visibility and substantial foot traffic, making it an ideal spot for a bustling bar or nightclub. The expansive interior offers ample room for large-scale events and diverse nightlife activities. Pre-existing bar and lounge areas provide a solid foundation for customization and enhancement. Ample on-site parking is available for patrons' convenience. This property presents a significant opportunity for growth and the creation of a premier Lubbock nightlife destination. The property is an owner/user investment opportunity. The property type is retail, specifically a bar. This is a vacant property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,541,840

  6.5%

  $1,423,240

  7%

  $1,321,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $818,113

  Geo Method

  $1,103,330

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,699,020

  Retail / Commercial

  $1,404,210

  Mixed-Use / Specialty

  $1,415,100

  Hospitality / Lodging

  $1,058,900

  Office

  $1,423,240

  Institutional / Educational

  $1,476,810

  Residential Income

  $1,727,870

  Multifamily

  $1,984,210

  Automotive / Energy

  $1,265,840

  Parking / Income-Based Land

  $421,124

  Restaurant / Food Service

  $769,918

  Healthcare / Senior Housing

  $1,434,860

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5753

Longitude

-101.845

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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