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.