4901 Memphis Avenue, Lubbock, TX 79413
$400,000
Property Type:
Commercial Sale
Square Footage:
3,694
Lot Size (sq. ft.):
13,500
Status:
Active
Current Price:
$400,000
List Date:
5/22/2025
Last Modified:
7/21/2025
Description
We are pleased to present a solid value-add neighborhood commercial opportunity at 4901 Memphis Avenue, located just off the high-traffic intersection of 50th Street and Memphis Avenue in Lubbock, Texas. This ±3,694 SF retail building sits on a ±13,500 SF lot and offers excellent visibility, access, and potential for repositioning.
The property currently includes one long-standing barbershop tenant and one vacant retail unit, previously home to a local aquarium supply store. With ample parking and flexible commercial zoning, this site is ideally suited for a range of retail, service, or owner-occupant uses.
Current tenant has been leasing this property for over 20+ years, with a current monthly rent of $675. The owner is willing to raise this rent for a buyer upon closing.
Supplements: ********
More Information MLS# 202555137
Contract Information
Current Price: $400,000
Original List Price: 400000
List Price: $400,000
Status: Active
Listing Contract Date: 2025-05-22
Property Sub Type: Retail
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Location Tax and Legal
Street Number: 4901
Street Name: Memphis
Street Suffix: Avenue
County: Lubbock
State: TX
Postal Code: 79413
Zone: 3
General Property Information
Above Grade Finished Area: 3694
Above Grade Finished Area Source: Public Records
Building Area Total: 3694
Building Area Source: Public Records
Year Built: 1969
Lot Size Acres: 0.3099
Lot Size Square Feet: 13500
Lot Size Source: Public Records
Stories Total: 1
List Price/Acre: 1290738.95
List Price/SqFt: 108.28
Remarks and Miscellaneous
Public Remarks: We are pleased to present a solid value-add neighborhood commercial opportunity at 4901 Memphis Avenue, located just off the high-traffic intersection of 50th Street and Memphis Avenue in Lubbock, Texas. This ±3,694 SF retail building sits on a ±13,500 SF lot and offers excellent visibility, access, and potential for repositioning.
The property currently includes one long-standing barbershop tenant and one vacant retail unit, previously home to a local aquarium supply store. With ample parking and flexible commercial zoning, this site is ideally suited for a range of retail, service, or owner-occupant uses.
Current tenant has been leasing this property for over 20+ years, with a current monthly rent of $675. The owner is willing to raise this rent for a buyer upon closing.
Status Change Information
Major Change Timestamp: 2025-05-22T18:42:48Z
Major Change Type: New Listing
Status Change Timestamp: 2025-05-22
Land Details
Minerals Available: No
Property Features
Foundation Details: Slab
Listing Terms: 1031 Exchange; Cash; Conventional
Showing Requirements: Call Listing Agent
Listing Office: Progressive Properties
Listing Agent: Jarrett Thornton
Last Updated: July - 21 - 2025
Information deemed reliable but not guaranteed.