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Investment Highlights

  • University Ave Frontage
  • Designated Parking Spaces
  • Close Proximity to Texas Tech University

Executive Summary

The Powell Group is glad to offer a unique Commercial Building Opportunity within steps of Texas Tech University, located at University Ave and 24th St., bordering the nostalgic revitalization within the Heart of Lubbock, adjacent to charming Tech Terrace neighborhood. This ideally located property lends to use for professional office space, walkable storefront retail, salon & barber service industries, or any number of business needs with it’s ease of accessibility. Businesses catering to nearby students, families, and residents do not want to miss this one. Tenant to pay for maintenance and repairs, and liability insurance.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,270 SF
Building Class
C
Year Built
1935
Price
$402,889 CAD
Price Per SF
$123.21 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,270 SF
Building FAR
0.42
Lot Size
0.18 AC
Zoning
MDR - Medium Density Residential
Parking
8 Spaces (2.45 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 3,270 SF
  • Office
  • -
  • Now

Position your business along the University Avenue corridor, just steps from Texas Tech University. Located at 24th Street and University, this property offers direct access to one of Lubbock’s most active corridors, surrounded by a dense mix of students, residents, and neighborhood traffic within the Tech Terrace area. The space is well-suited for service-oriented retail, professional office users, or boutique concepts that benefit from visibility, accessibility, and consistent local traffic. Whether serving students, nearby households, or daily commuters, this location supports high-frequency, convenience-driven business models. Tenant responsible for maintenance, repairs, and liability insurance.

Space Size Space Use Build-Out Available
1st Floor 3,270 SF Office - Now

1st Floor

Size
3,270 SF
Space Use
Office
Build-Out
-
Available
Now

1st Floor

Size 3,270 SF
Space Use Office
Build-Out -
Available Now

Position your business along the University Avenue corridor, just steps from Texas Tech University. Located at 24th Street and University, this property offers direct access to one of Lubbock’s most active corridors, surrounded by a dense mix of students, residents, and neighborhood traffic within the Tech Terrace area. The space is well-suited for service-oriented retail, professional office users, or boutique concepts that benefit from visibility, accessibility, and consistent local traffic. Whether serving students, nearby households, or daily commuters, this location supports high-frequency, convenience-driven business models. Tenant responsible for maintenance, repairs, and liability insurance.

Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
R48410
Land Assessment
$43,495 CAD
Improvements Assessment
$315,960 CAD
Total Assessment
$359,455 CAD
  • Listing ID: 34820660

  • Date on Market: 2025-02-13

  • Last Updated:

  • Address: 2435 24th St, Lubbock, TX 79411

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