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$128,330

3402 Ironton Ave, Lubbock, TX, 79407

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths2,688 Sq Ft
BusinessBusiness
price_per_sqft$0 / sqft
Year BuiltBuilt in 1974

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCeramic Tile, Carpet, Vinyl

Exterior

Lot Size29,165 sqft

Building Information

Year Built1974

Land Information

APNR133104
Lot Number10
SubdivisionPark Lorraine
Land UseCommercial
Legal DescriptionPARK LORRAINE L 1 THRU 4
Census Tract001715
Assessed Land Value$58,330
Assessed Improvement Value$70,000
Assessment Year2025

About this property

For Lease: Small Church Building - Prime West Lubbock Location. Unlock the potential of this charming small meeting building, perfectly situated in one of Lubbock's most rapidly growing areas. Located just minutes from Costco and the bustling West End Retail Development, this property offers excellent visibility and easy access to key retail and dining destinations, ensuring strong traffic flow. Property Features: -Ideal for church, community center, or conversion to other commercial use -Convenient proximity to major shopping centers and highways -Established neighborhood with a growing population -Ample parking space for attendees or customers 2688 sq ft -2 restrooms, kitchenette area, baptismal Don't miss this opportunity to operate in a versatile building in an area primed for growth and development.

Investor Tools

Property Icon
$128,330
Estimated Property Value
$140,800Estimated Mortgage Balance
$2,984Estimated Equity
-10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$770 /month
Positive
Cash Flow Estimate:
$257 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$262/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,497
$128,330
2025
$58,330
$70,000
$128,330
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,497
$128,330

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Commercial
$140,800
No
First
Sep 17, 2020
Sep 2021

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$125,346
$2,984
2%
98%
$845/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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3402 Ironton Ave | Property Details | No Agent List