2211 Marsha Sharp FwyLubbock, TX 79415

  • Commercial real estate
  • 8,000 SF
For Lease
$15/SF/YR View listing

Property Details for 2211 Marsha Sharp Fwy

Year built
1965
Lot size
0.99 AC
Property size (Sq ft)
8,000 SF
Zone code
38
Property type
Commercial real estate
APN
R57267
APU
R57267

Description

This Lubbock County property, located at 2211 Marsha Sharp Fwy W, offers 43,036 square feet on a nearly one-acre lot (43,036 sq ft) with 330 feet of frontage on the heavily trafficked US Highway 62/82 (Marsha Sharp Freeway). Built in 1965, this single-story warehouse features a unique history as a long-standing nightclub, boasting a technically advanced sound and lighting system, including a lighted dance floor and elevated DJ booth. The interior includes three separate bars with six bar stations, a VIP lounge with a private entrance, a green room/dressing room, raised platforms, and ample storage. Three 10-ton HVAC units ensure climate control. The property also includes an owned point-of-sale (POS) system. Currently zoned for Interstate Highway commercial use, this versatile property presents numerous redevelopment opportunities, including retail, multi-family, or student housing. With 8,181 square feet currently vacant, this property offers significant potential for expansion or repurposing. The property's location in Overton Park and its high visibility make it an attractive investment opportunity. Lubbock County APN: R57267. Zip code: 79415.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,358,511
    Hospitality
    $1,244,389
    Educational
    $1,035,317
    Medical
    $1,070,923
    Retail
    $1,610,493

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.5921
Longitude
-101.865
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
$15,794
$559,468
$340,532
$900,000
-
$559,468
$340,532
$900,000

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