6616 Milwaukee AveLubbock, TX 79424

Property Details for 6616 Milwaukee Ave

Year built

2016

Lot size

3.56 AC

Property size (Sq ft)

20,004 SF

Property type

Retail properties

Property subtype

Strip malls

APN

R325652

APU

R325652

Description

This exceptional Class A retail space, totaling 1,982 square feet, is available within the Commons West center in Lubbock, Texas. Built in 2016, this 19,970 square foot multi-tenant property boasts a prime location at 6616 Milwaukee Ave, zip code 79424, in Lubbock County. The property offers outstanding co-tenancy with established businesses such as Potbelly, Sparkle Nails, Red Wing Boot Store, a Class A Barbershop, and Fuddruckers, ensuring high foot traffic and visibility. The strategic location directly off Milwaukee Avenue benefits from over 40,000 vehicles passing daily. Nearby businesses include Little Woodrow's, CarMax, Wendy's, Circle K, and Golf Suites, further enhancing the area's appeal. The property's proximity to hotels and an emergency room adds to its convenience. A strong residential and multi-family community presence provides a substantial customer base. This is an ideal opportunity for a variety of retail or restaurant businesses seeking a high-traffic, well-established location in a thriving area of Lubbock. The property is classified as Retail, Office, and Restaurant, and the current vacancy is 1,982 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $4,362,624

  6.5%

  $4,027,037

  7%

  $3,739,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,497,397

  Geo Method

  $6,065,341

• Alternative Use

  Use

  Valuation

  Residential

  $3,396,956

  Hospitality

  $3,111,594

  Educational

  $2,588,810

  Medical

  $2,677,843

  Retail

  $4,027,037

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5333

Longitude

-101.958

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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