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Listed by Keta West Everett West Real Estate Group PLLC
$ 385,000
Est. payment | /mo
1,052 SqFt
$ 385,000
Est. payment | /mo
1,052 SqFt
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 1,052 sqft
Price per Sqft $365
MLS Listing ID 202608710
Year Built 1940
Annual Tax Amount $885
Lot Size 1,045 Sqft
Acres 0.02
Property Sub-Type Unimproved Land
Source Lubbock Association of REALTORS®
Property Description
Exceptional investment and development opportunity with multiple income streams in a prime high-traffic location near Texas Tech University. The property includes a fully leased commercial building occupied by a tattoo shop on a 3-year NNN lease generating $1,800 per month, plus a billboard producing an additional $150 per month in rental income. Also included are three adjacent parcels (1808 19th, 1812 Ave R, 1814 Ave R), creating outstanding potential for future development. Situated just off 19th Street in a highly visible area with strong traffic counts, this property offers immediate cash flow and long-term upside. Seller is willing to share existing plans for a proposed 5-unit townhome development, making this a rare opportunity for investors, developers, or those seeking a value-add project in a growing market.
Location
State TX
County Lubbock
Area 1
Rooms
Basement Basement
Building
Foundation Slab
New Construction No
Others
Tax ID R313894
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Nearby Locations
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Kent Hebison
REALTOR®