7,240 sqft

$699,000

5217 50th Street, Lubbock TX, 79414

Price per sqft$96.55

Built in1973

Property size7,240 sqft

Property typeCommercial

Overview

Active

Listed Oct 2, 2026

Updated 13 days ago

Owner-user opportunity with built-in rental income and room to grow. This 7,240 SF multi-use commercial building in Lubbock offers a rare chance to operate your own business while tenants help carry the property. The sale also includes a separate 0.5-acre commercial parking lot with future development potential. The building currently houses a flower shop (approx. 1,100 SF) on a triple-net lease and a salon (approx. 4,140 SF) operating with booth-rental income. The remaining approx. 2,000 SF is vacant and ready for your business, or for a new tenant. The space has previously leased for $1,840 per month plus utilities and a 25% share of property tax. Also included in the sale is a separate 0.5-acre parcel, currently used as parking and located in a commercial area. It provides ample customer and tenant parking today and a prime opportunity for future development. Whether you expand, add a pad site, or build for additional income, the extra land gives you flexibility that most properties in this price range don't offer.

Additional information

MLS^® ID: 202613587

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.56 Acres

Other Property Details

Taxes: $8,405
Tax Frequency: Annually

Courtesy of Casey Klingensmith with Reside Real Estate Co.
Listing Contact: 940-328-3123

Based on information from the Lubbock Association of REALTORS® as of 10/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.