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    Lubbock, TX
    Hospital

    Lubbock, TX Hospitals for Sale

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    Shallowater, TX Slaton, TX Wolfforth, TX Lajitas, TX Ransom Canyon, TX New Deal, TX Idalou, TX Wilson, TX
    Medical Center Referral District
    Updated: Jun 4
    Medical Center Referral District

    4324 23rd St, Lubbock, TX 79410

    $2,500,000
    Year built: 1971.
    Regional medical referral hub featuring over 5 million SF of medical space.
    Includes hospitals, clinics, research centers, and educational facilities.
    Serves over 1.2 million people across West Texas, Eastern New Mexico, and the Texas Panhandle.
    Draws patients from over 100 counties for specialized care.
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    Healthcare Property in Lubbock, Texas
    Updated: Nov 8, 2023
    Healthcare Property in Lubbock, Texas

    7905 Milwaukee Ave, Lubbock, TX

    Contact for pricing
    1.16 AC lot
    Tenant is Covenant Health System, the largest healthcare institution in West Texas and Eastern New Mexico.
    Facility classified as a Hospital Outpatient Department (HOPD), enabling the highest level of reimbursements.
    Covenant Health System has a BBB Credit Rating; parent company Providence St. Joseph Health System has an AA- credit rating.
    Covenant Health ranked as the best hospital in Northwest Texas by U.S. News and World Report.
    Covenant Health System has over 5,000 employees and 600 top‑level providers.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 2 Active listings in Lubbock, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Former Hospital Building For Sale
    Former Hospital Building For Sale

    111 NE 1st, Springhill, LA 71075

    $450,000
    30,000 sqft

    Former hospital building divided into 6 separate buildings with tenants.

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    Former Hospital Building
    Former Hospital Building

    111 NE 1st, Springhill, LA 71075

    $450,000
    1.23 AC lot

    Redeveloped healthcare building offers multiple separate spaces for diversified tenant occupancy.

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    Former Hospital Redevelopment Opportunity
    Former Hospital Redevelopment Opportunity

    820 Clarksville Street, Paris, TX 75460

    $1,500,000
    3.10 AC lot

    Multi-floor former hospital with in-room baths and showers, parking, and loading areas for adaptive reuse planning.

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    Paris, Texas Redevelopment Opportunity
    Paris, Texas Redevelopment Opportunity

    820 Clarksville St, Paris, TX 75460

    $1,500,000
    82,000 sqft 3.00 AC lot

    Adaptive reuse opportunity: former 7-story hospital in Paris, Texas.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Zoned C-2 Unrestricted Development Land
    Zoned C-2 Unrestricted Development Land

    Mt. Garrison Way, Gatlinburg, TN 37738

    $950,000
    15.50 AC lot

    Unrestricted land in city limits zoned C-2, with survey on file and access from multiple nearby roads for development planning.

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    Westlake Commercial Property for Sale
    Westlake Commercial Property for Sale

    Booker T Washington Hwy lot: 3, Hardy, VA 24101

    $2,200,000
    7.75 AC lot

    7.75 acres of prime commercial real estate in Westlake.

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    Lubbock, TX Hospitals Market Trends and Statistics

    Explore 2 hospitals for sale in Lubbock, TX on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $2,500,000.

    Sale prices for hospitals in Lubbock, TX start at $0.00, averaging $1,250,000, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Medical centers 3
    Spa & wellness properties 3
    Hospitals 2
    Assisted living facilities 1
    Medical space 1

    Demographics Overview

    Population 286K
    Population Growth (5Y) +0.1%
    Median Household Income $66,110
    College Educated 24.2%

    High-Yield Neighborhoods for Investment

    Identify Lubbock submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    79410 $2.7M

    Taxes & Financing

    Tax Rate (average for all types) 1.81%
    Property Tax per SF $22.36 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lubbock County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lubbock County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Lubbock fall within the 10,000 to 25,000 square foot range.

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