Free-standing Depot District Jewel With Large Patio

Retail-Commercial for Sale
Catylist Listing ID: 30749125
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Building Size (RSF): 5,047 SF
Gross Building Area: See Agent
Gross Land Area: 10,125 SF
Sale Price: $595,000
Unit Price: $117.89 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 10/6/2021

Overview / Comments

An incredible 2-story property in Lubbock's Depot District that has been carefully restored and is ready for food service, hospitality or retail- zoned CB-4. The main floor features a quick service kitchen with walk-in cooler and oversized custom bar with clean paneled walls throughout and updated restrooms and space for a drive-thru window to be built-out. Three glass garage doors open onto a 1,700 sq ft patio, allowing for indoor/outdoor space.
The 2nd story is a 351 sq foot efficiency apartment suited for office or rental space. The empty lot to the north of this free-standing building is part of the property and would allow for a drive-thru or expansion.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: LCAD
Tax ID/APN: R162826
Zoning: CB-4
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Crickets Avenue & Avenue F
Property Visibility: Excellent
Largest Nearby Street: 19th Street & Crickets
Highway Access: Minutes from I-27 and Marsha Sharp Freeway
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1962
Year Renovated: 2021
Roof Type: Flat
Construction/Siding: Aluminum Siding, Concrete
Total Parking Spaces: 15
Parking Type: Surface
Zoning Description: CB-4
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Orig T Lubbock Blk 216 L8, 9, 10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,923 83,942 169,843
Median Age: 30.16 29.61 32.27
Households: 3,698 29,456 63,816


Photograph of Listing Agent

Charity Leeson

Amy Tapp Realty
West Texas CIE Member
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