1808 19th Street

Description

Welcome to passive income! This property comes with a NNN 3 year lease that provides you income of $1750/month + ancillary income of $1750/year with the existing billboard lease. This makes for an ideal investment since you are collecting cash flow day 1. Property is ideally located and definitely in the path of progress on the 19th St corridor. This property is less than 3 miles away from the main focal point of Lubbock, Texas Tech University. Property Overview Address(s): 1808-1812 19th Street, Lubbock, TX & 1814 Avenue R, Lubbock, TX The structure on 19th Street sits on a compact commercial lot; the Avenue R parcel is deeper and offers expansion or buffer opportunity. Situated in Lubbock's urban core, the site benefits from street frontage, vehicular visibility, and connectivity to nearby commercial corridors and residential density. Key Features & Strengths Built-in Presence + Land Scalability: The existing structure on 19th Street can generate immediate occupancy or lease income, while the blank land parcel offers room for development. Seller has existing plans for Multifamily project. Because the parcels straddle 19th Street and Avenue R, they provide frontage, ingress/egress flexibility, and multiple access possibilities. 19th Street is an established traffic artery; any retail or service business would enjoy exposure to both vehicular and pedestrian flow. Infill lots are scarce in the area; this offering allows for densification, vertical development, or mixed-use assemblage. The commercial building and lot can support integrated or complementary operationsretail + office, creative space + parking, or phased rollout. Potential Uses: Multifamily, Boutique retail, caf, or quick-service food & beverage, Mixed-use conversion (retail frontage + offices / apartments behind) Small-scale redevelopment or densification Owner-user scenario combining business and land control Investment Considerations Opportunity to capture upside from land value appreciation Ability to reposition or repurpose based on market demand Modular development possibilities (build on Avenue R lot first, expand into 19th Street parcel later) Leverage existing structure during permitting / redevelopment phases