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4950 S Loop 289
Lubbock, TX 79414
2nd Generation Restaurant · Retail Property For Sale
Investment Highlights
- Fully built-out 7,042 SF freestanding restaurant facility located on a high-visibility 0.68-acre pad.
- Critical infrastructure in place and serviceable.
- Exceptional signage potential and multiple points of ingress/egress ensure maximum capture rate of passing traffic.
- Ideally positioned for a "Plug & Play" concept, significantly reducing startup capital and time-to-market compared to ground-up development.
- Commanding presence along South Loop 289, the city’s primary arterial highway, with daily traffic counts exceeding 70,000 vehicles per day.
- Located in the heart of Lubbock’s "Restaurant Row," surrounded by high-volume national performers.
Executive Summary
4950 S. Loop 289 is located along one of the busiest commercial corridors in Lubbock, offering exceptional visibility and access. The 7,042 square foot property is zoned Auto Urban Commercial and is currently configured as a 2nd generation restaurant, allowing a new operator to capitalize on existing infrastructure and minimize build out time. Traffic counts reach up to 70,000 vehicles per day on Loop 289, making this an ideal location for a restaurant, bar and grill, or high volume casual dining concept seeking maximum exposure.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,042 SF
Building Class
C
Year Built
1980
Price
$2,490,000
Price Per SF
$353.59
Tenancy
Single
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.68 AC
Zoning
AC - Auto Urban Commercial (AC)
Parking
67 Spaces (9.51 Spaces per 1,000 SF Leased)
Frontage
278’ on Tx-289-loop Hwy
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | R119147 | Improvements Assessment | $1,404,112 |
| Land Assessment | $223,538 | Total Assessment | $1,627,650 |
Property Taxes
Parcel Number
R119147
Land Assessment
$223,538
Improvements Assessment
$1,404,112
Total Assessment
$1,627,650
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