2316 Clovis RdLubbock, TX 79415

Property Details for 2316 Clovis Rd

Year built

1958

Lot size

0.24 AC

Property size (Sq ft)

6,816 SF

Zone code

38

Property type

Retail space

APN

R120240

APU

R120240

Description

This single-tenant, 6,816-square-foot warehouse, located at 2316 Clovis Rd, Lubbock, TX 79415, presents a unique opportunity. Built in 1958, this Class C property sits on a 0.46-acre lot (20,160 square feet) and offers convenient access to major highways and railways. The building features a showroom space at the front, ideal for retail display, and a loading dock at the rear, perfect for efficient warehousing and distribution. One dock-high door and a second overhead door provide versatile access. The interior space is adaptable to various business needs. Ample parking is available with eight total spaces, plus additional lot space for storage. The property is zoned LI and includes one building with one story. This is an excellent location for retail, wholesale, or distribution businesses seeking a well-situated, functional space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,486,485

  6.5%

  $1,372,140

  7%

  $1,274,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,532,406

  Geo Method

  $2,066,655

• Alternative Use

  Use

  Valuation

  Residential

  $1,157,451

  Hospitality

  $1,060,219

  Educational

  $882,090

  Medical

  $912,426

  Retail

  $1,372,140

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.6035

Longitude

-101.867

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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