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2431-2449 34th St
Lubbock, TX 79411
15,680sf Retail | 34th St. & University Ave. · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Located on the corner of signalized intersiection with 31,400 VPD
- Located one mile South of Texas Tech University
EXECUTIVE SUMMARY
Situated at the signalized intersection of 34th Street and University Avenue, the property benefits from a 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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
15,680 SF
Building Class
C
Year Built
1950
Price
$700,000
Price Per SF
$44.64
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.64
Lot Size
0.56 AC
Zoning
NC - Neighborhood Commercial
Frontage
159’ on 34th St
AMENITIES
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | R67378 | Improvements Assessment | $481,370 |
| Land Assessment | $60,600 | Total Assessment | $541,970 |
PROPERTY TAXES
Parcel Number
R67378
Land Assessment
$60,600
Improvements Assessment
$481,370
Total Assessment
$541,970
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