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2167 50th St 2,430 SF Retail Building Lubbock, TX 79412 $199,000 ($81.89/SF)
Executive Summary
Situated at the high-visibility corner of 50th Street and Avenue W, this property offers a prime redevelopment opportunity. Included in the sale is the adjacent property at 2163 50th Street, making this a valuable package deal.
Previously a gas station and then a restaurant, 2167 50th presents endless possibilities. Just 6 minutes from Texas Tech and surrounded by retail and dining, this location is ideal for a new restaurant or commercial venture. Positioned just east of a multi-family development, this is a fantastic investment opportunity in a growing area!
Previously a gas station and then a restaurant, 2167 50th presents endless possibilities. Just 6 minutes from Texas Tech and surrounded by retail and dining, this location is ideal for a new restaurant or commercial venture. Positioned just east of a multi-family development, this is a fantastic investment opportunity in a growing area!
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,430 SF
Building Class
C
Year Built
1955
Price
$199,000
Price Per SF
$81.89
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.26 AC
Zoning
HC - Heavy Commercial
Parking
10 Spaces (4.12 Spaces per 1,000 SF Leased)
Frontage
129’ on 50th St
Nearby Major Retailers
Property Taxes
| Parcel Number | R124636 | Improvements Assessment | $38,390 |
| Land Assessment | $56,610 | Total Assessment | $95,000 |
Property Taxes
Parcel Number
R124636
Land Assessment
$56,610
Improvements Assessment
$38,390
Total Assessment
$95,000
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2167 50th St
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