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34th St Portfolio | 4 Units | 75% occup. 3 Retail Properties Offered at $699,000 in Lubbock, TX
Investment Highlights
- 75% occupied providing a buyer opportunity to increase the NOI and portfolio value
- All 3 properties (4 units) located less than 1 mile away from each other
- Strategically located on Lubbock's popular 34th Street
Executive Summary
We are thrilled to present a new portfolio investment – featuring 75% occupancy – with incredible upside. All 4 units are located on Lubbock’s famous 34th Street.
The package can be sold together or split separately. The portfolio provides value-add opportunities for a new investor through leasing the one vacant unit.
The package can be sold together or split separately. The portfolio provides value-add opportunities for a new investor through leasing the one vacant unit.
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$100,518
|
| Other Income |
$4,705
|
| Vacancy Loss |
$34,718
|
| Effective Gross Income |
$70,505
|
| Taxes |
$5,761
|
| Operating Expenses |
$6,410
|
| Total Expenses |
$12,171
|
| Net Operating Income |
$58,334
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $100,518 |
| Other Income | |
|---|---|
| Annual | $4,705 |
| Vacancy Loss | |
|---|---|
| Annual | $34,718 |
| Effective Gross Income | |
|---|---|
| Annual | $70,505 |
| Taxes | |
|---|---|
| Annual | $5,761 |
| Operating Expenses | |
|---|---|
| Annual | $6,410 |
| Total Expenses | |
|---|---|
| Annual | $12,171 |
| Net Operating Income | |
|---|---|
| Annual | $58,334 |
Property Facts
| Price | $699,000 | Status | Active |
| Price / SF | $76.81 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.35% | Total Building Size | 9,100 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.36 AC |
| Price | $699,000 |
| Price / SF | $76.81 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.35% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 9,100 SF |
| Total Land Area | 0.36 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2429 34th St, Lubbock, TX 79411 | Retail | 3,360 SF | 1951 | - |
| 2451 34th St, Lubbock, TX 79411 | Retail | 3,150 SF | 1963 | - |
| 2241 34th St, Lubbock, TX 79411 | Retail | 2,590 SF | 1954 | - |
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34th St Portfolio | 4 Units | 75% occup.