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4519 50th St
Lubbock, TX 79414
Sunshine Square · Retail Property For Sale
Investment Highlights
- Value-add opportunity through NNN lease conversions increased rental rates
- Lubbock metro population has 300,000+
- Longstanding tenants currently in place
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
25,370 SF
Building Class
B
Year Built
1973
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.83 AC
Zoning
NC
Parking
60 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
About 4519 50TH ST , LUBBOCK, TX 79414
The subject property is located in Lubbock, TX (known as the "Hub City") that has a metropolitan population of 300,000+ and a regional population of 600,000+. Lubbock's retail commerce and banking sectors have drawn in residents from all across the Texas Panhandle and even from eastern New Mexico. Lubbock is a travel and destination hub for many retail shoppers in the surrounding region. Lubbock is home to major economic drivers such as Texas Tech University, Texas Tech Health Sciences Center, Covenant Hospital, Lubbock Christian University, South Plains College, and agriculture.
Property Taxes
| Parcel Number | R124589 | Improvements Assessment | $892,500 |
| Land Assessment | $397,500 | Total Assessment | $1,290,000 |
Property Taxes
Parcel Number
R124589
Land Assessment
$397,500
Improvements Assessment
$892,500
Total Assessment
$1,290,000
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