421 Frankford AveLubbock, TX 79416

Property Details for 421 Frankford Ave

Year built

2000

Lot size

0.52 AC

Property size (Sq ft)

2,839 SF

Zone code

38

Property type

Retail properties

Property subtype

Turn key restaurants

APN

R148268

APU

R148268

Description

This exceptional 1,320 square foot retail space, located at 421 Frankford Avenue in Lubbock, Texas, presents a fantastic opportunity for a restaurant operator. Built in 2000, this single-story building sits on a single lot and offers a completely vacant space ready for immediate occupancy. The property is zoned C-3, allowing for a variety of commercial uses. The building features a total of 1,320 square feet, spread across one suite. The property's prime location at the intersection of 4th Street and Frankford Avenue boasts high visibility and significant traffic, with over 12,500 vehicles passing daily. This high-traffic area ensures excellent exposure for your business. The asking rent is $17 per square foot, with taxes, insurance, and CAM charges totaling $6.50 per square foot. A security deposit equal to the first month's rent is required. Tenant finish-out is negotiable, providing flexibility to customize the space to meet your specific needs. The property's APN is R148268, and it is situated in Lubbock County, Texas, zip code 79416. Note that this space does not include a venthood. This is an ideal location for a thriving business in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $619,151

  6.5%

  $571,524

  7%

  $530,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $638,278

  Geo Method

  $860,803

• Alternative Use

  Use

  Valuation

  Residential

  $482,102

  Hospitality

  $441,602

  Educational

  $367,408

  Medical

  $380,044

  Retail

  $571,524

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5911

Longitude

-101.939

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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