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5001 Avenue Q
Lubbock, TX 79412
Retail Property For Sale
Investment Highlights
- Multi-tenant shopping center positioned along established Avenue Q retail corridor.
- Convenient access to Loop 289, US-84, and surrounding neighborhoods.
- Value-add opportunity for investors seeking repositioning potential.
- Excellent visibility with exposure to daily commercial traffic.
- Flexible layout supports retail, office, restaurant, and service-oriented users.
- Situated on approximately 3.52 acres with established commercial presence.
Executive Summary
Position your portfolio for long-term success with this well-located commercial shopping center at 5001 Avenue Q in Lubbock, Texas. Offering approximately 12,050 square feet (3 individual spaces on north side of center) on 3.52 acres, this multi-tenant retail property benefits from outstanding visibility along one of Lubbock’s established commercial corridors.
The property presents an excellent opportunity for investors seeking value-add potential, owner-users looking for a strategic commercial location, or developers interested in repositioning a highly visible retail asset. Its convenient access to Loop 289, US-84, and surrounding residential neighborhoods provides strong connectivity and exposure for a variety of retail, office, restaurant, entertainment, or service-oriented businesses.
The property presents an excellent opportunity for investors seeking value-add potential, owner-users looking for a strategic commercial location, or developers interested in repositioning a highly visible retail asset. Its convenient access to Loop 289, US-84, and surrounding residential neighborhoods provides strong connectivity and exposure for a variety of retail, office, restaurant, entertainment, or service-oriented businesses.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,026 SF
Building Class
C
Year Built
1954
Price
$861,250 CAD
Price Per SF
$57.32 CAD
Cap Rate
3%
NOI
$25,838 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
3.51 AC
Zoning
F1
Parking
60 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
370’ on 50th St
Amenities
- Signage
Property Taxes
| Parcel Number | R25923 | Improvements Assessment | $651,921 CAD |
| Land Assessment | $533,999 CAD | Total Assessment | $1,185,920 CAD |
Property Taxes
Parcel Number
R25923
Land Assessment
$533,999 CAD
Improvements Assessment
$651,921 CAD
Total Assessment
$1,185,920 CAD
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