2213 University AveLubbock, TX 79410

Property Details for 2213 University Ave

Year built

1960

Lot size

0.16 AC

Property size (Sq ft)

4,453 SF

Zone code

38

Property type

Retail space

APN

R46506

APU

R46506

Description

This exceptional retail opportunity is situated on bustling University Avenue in Lubbock County, boasting unparalleled visibility and accessibility. With over 21,000 vehicles passing daily, this location ensures maximum exposure for your business. The property offers a total of 4,148 square feet, with a minimum divisible space of 1,398 square feet and a maximum of 2,750 square feet, providing flexibility for various business needs. The lot size is a generous 6,900 square feet. The building features modern amenities including two ADA-compliant restrooms, recently updated electrical systems, and a new HVAC system, ensuring a comfortable and efficient environment for tenants and customers. The landlord is open to negotiating tenant improvements, offering further customization options. This prime location benefits from its proximity to Texas Tech University, a major institution with over 40,000 students, and the Lubbock Medical District, guaranteeing a large and diverse customer base. This is an ideal location for businesses seeking high visibility and a strong customer base in a thriving area. Multiple tenancy options are available.

• CAP approach

  CAP return

  Valuation

  6%

  $738,716

  6.5%

  $681,892

  7%

  $633,185

• Comparable approach

  Method

  Valuation

  Relative Method

  $413,171

  Geo Method

  $557,216

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,310,660

  Mixed-Use / Specialty

  $687,178

  Hospitality / Lodging

  $514,208

  Office

  $691,133

  Institutional / Educational

  $717,146

  Residential Income

  $839,061

  Multifamily

  $963,543

  Automotive / Energy

  $614,697

  Parking / Income-Based Land

  $204,500

  Restaurant / Food Service

  $373,876

  Healthcare / Senior Housing

  $696,774

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.5735

Longitude

-101.87

CBSA code

31180

CBSA name

LUBBOCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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