2429 34th St - Freestanding FOR SALE


Lubbock, TX 79411- Clapp Park
$399,000 USD
806-438-9116
2429 34th St, Lubbock, TX for Sale
$399,000 USD
Freestanding - FOR SALE
1/6
null | 10.06% Cap Rate

2429 34th St
Lubbock, TX 79411
Clapp Park


HIGHLIGHTS

  • Heavy daytime traffic with a large commercial environment surrounded by residential properties
  • Located right off the busy signalized corner on 34th and University - around 1 mile from Texas Tech
  • Recently fully remodeled in 2025

OVERVIEW

Two-unit Shopping Center featuring 100% occupancy PRICED: $399,000 Building Size: 3,360 SF Land Size: 6,048 SF Current NOI: $40,132.16 (currently stabilized at 100% occupied) CAP Rate: 10.06% (2025 actuals); 10.12% (2026 estimated) We are thrilled to present a new investment property, featuring 100% occupancy. Located on Lubbock’s popular 34th street, this two-unit center is located close to Lubbock ISD schools, residential communities, multi-family apartments, and numerous commercial enterprises. Vehicles-per-day: 22,356 (TXDOT 2022)

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

10.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at 2429

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,048 SF

ZONING

-

APN/PARCEL ID

R67348

ASK ABOUT THIS PROPERTY

Rohit MitleyMitleyMore Info
806-438-9116

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Rohit MitleyMitleyMore Info
806-438-9116

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.