Value-Add Retail Opportunity Near Texas Tech 2431-2449 34th St 15,680 SF 100% Leased Retail Building Lubbock, TX 79411 $700,000 ($44.64/SF)

Situated at the signalized intersection of 34th Street and University Avenue, the property presents a rare opportunity to acquire a well-located retail asset significantly below replacement cost. Current tenants provide in-place income while allowing flexibility for a buyer to reposition.
Highly visible, centrally located position within the Lubbock trade area, the site is located approximately one mile south of Texas Tech University, two miles north of South Loop 289, and 1.5 miles west of Interstate 27, providing convenient access to the city’s primary transportation corridors.
Central Lubbock maintains the highest population density in the market, largely driven by its proximity to Texas Tech University. The 34th Street and University Avenue corridors serve as critical traffic arteries for students, faculty, and the surrounding residential base, supported by the University’s continued record-setting enrollment, now estimated to exceed 42,000 students.
The immediate area reflects a stable and evolving commercial landscape, with several businesses operating successfully for more than 50 years alongside ongoing redevelopment. Recent investment has introduced new convenience-oriented retail, financial institutions, and service providers, reinforcing the corridor’s long-term viability and demand.