Former Advance Auto Parts

Description

Coldwell Banker Commercial, Capital Advisors is pleased to offer for sale or for lease a 9,984 square-foot retail building at 1102 Avenue Q, Lubbock, TX, is a prime commercial opportunity. Originally constructed in 2013 and formerly occupied by Advance Auto Parts, the property is situated on a spacious 0.92-acre lot, offering excellent visibility and accessibility in a high-traffic area.
The building was constructed with stucco, brick, and cinder block materials while also a concrete parking lot throughout the premises. The property is located on a hard corner at the intersection of Avenue Q and Broadway Street, which has over 33,000 vehicles per day. There are currently approx. 39 parking spaces with 2 points of ingress/egress on Avenue Q and Broadway Ave. The subject property is zoned as “Broadway Commercial” or “MU-2” and is well located right between Texas Tech University, Overton, and Downtown Lubbock. Texas Tech University has a student enrollment of over 41,000 and there are multiple student housing
properties around the subject site such as University Trails, University Pointe, Centre Suite at Overton Park, U Club Townhomes at Overton Park, The Collective at Lubbock Apartments, and Park East Student Living amassing approximately 11,000 beds.
Just east of the subject property is the Lubbock Civic Center and the Buddy Holly Hall, which is a 220,000 sq. ft. performing arts center and $154 million to complete.

9,984 sq. ft. building sitting on a 0.92 acre lot, located on a hard corner at Ave Q and Broadway Street. $14.50/psf (NNN).

Lubbock is considered to have one-part big city living with small town southern charm and a robust economy. Lubbock is the 11th largest city in the state and falls in the top 100 most populated cities in the United States, while also being named one of the top 5 cities with both best traffic and work-life balance. Many new restaurants and businesses continue to flood the city. Lubbock’s cost
of living is 14.7% lower than the U.S. average and you can find just about any kind of job in the city. Lubbock has top-ranked education, the largest medical system in the Southwest and an international airport. The city offers a plethora of entertainment including the Lubbock Symphony Orchestra, Ballet Lubbock, fine art museums and exhibits, high quality golf courses, Texas Water
Rampage waterpark and Joyland Amusement Park. Lubbock is the economic hub of the South Plains of West Texas and Eastern New Mexico, with a vast 26-county trade area covering 40,000 square miles. It’s the center of a diversified agriculture-industrial
complex. Petroleum, engineering products, and cottonseed oil are important economic components for the area. As the largest city in the region, Lubbock is a regular destination for many of the more than 645,000 people who call this trade area home. Every week thousands of people visit Lubbock for shopping, entertainment, medical care, and other services and commodities.

Documents

Units for Lease