1812 Avenue R Lubbock, TX 79401

This property, located at 1812 Avenue R in Lubbock, TX, presents a development opportunity suitable for investors and builders. The site is located in a growing area near Texas Tech University, downtown Lubbock, and major employment and retail corridors. The property is a ready-to-develop site ideal for multifamily, hospitality or residential development. Utilities are nearby, and there is easy access to key transportation routes. The property includes a NNN 3-year lease that provides $1750 per month in income, plus $1750 per year in ancillary income from an existing billboard lease. The property is located on the 19th Street corridor, less than 3 miles from Texas Tech University. The structure on 19th Street sits on a compact commercial lot, while the Avenue R parcel is deeper and offers expansion or buffer opportunities. The site benefits from street frontage, vehicular visibility, and connectivity to nearby commercial corridors and residential density. The existing structure on 19th Street can generate immediate occupancy or lease income, while the land parcel offers room for development. The parcels straddle 19th Street and Avenue R, providing frontage, ingress/egress flexibility, and multiple access possibilities. 19th Street is an established traffic artery, providing exposure to vehicular and pedestrian flow.