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$229,000

400 Phelps Avenue, Littlefield, TX, 79339

On MarketInfo
CommercialInfo
Baths0 Bath
Baths1,375 Sq Ft
price_per_sqft$166.55 / sqft

About this property

Prime investment opportunity in the heart of Littlefield! Situated on a high-visibility corner lot along a main thoroughfare, this versatile commercial property offers the perfect blend of business potential and steady income. The front building is ideal for retail, office, or service use, providing excellent exposure and accessibility. In addition, the property features two established residential rental units located at the rear, both currently occupied by long-term tenants, creating immediate and consistent cash flow. Whether you're an investor looking to expand your portfolio or a business owner seeking a live/work opportunity, this property delivers flexibility and value. With multiple income streams and strong location appeal, this is a rare chance to own a mixed-use asset in a growing community. Don't miss this unique opportunity to invest in a property that works for you!

Investor Tools

$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,374 /month
Positive
Cash Flow Estimate:
$458 /month

Interested in this property?

Kristal Saenz

Exit Realty of Lubbock

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Financing Details

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

Learn About the Market: Opportunity in Texas

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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: Littlefield

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