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Commercial Land with Billboard
For Sale
$34,000

3501 Parkway Drive, Lubbock, TX 79403

Land, Lubbock, TX

Property SizeContact for details
Lot Size1.93 Acres
Days on Market46

Property Features for 3501 Parkway Drive

General Information

Property type Land
Property subtype Other
Elementary school Alderson
Middle school Dunbar College Preparatory Academy
High school Estacado
Elementary school district Lubbock ISD
Middle school district Lubbock ISD
High school district Lubbock ISD
Subdivision 1
Standard status Active
APN R63308
Lot size 1.93 Acres

Taxes and HOA fees

Tax Description Blk A Sec 3 Ab 83 Tr 6D1 Acs: 1.93
Legal Description Blk A Sec 3 Ab 83 Tr 6D1 Acs: 1.93

Utilities

Utilities Water Available
Sewer type Public Sewer
Listing Agency: Keller Williams Realty
Listed By: Houston Garrett · License #0740265
Added: Aug 6 Changed: Aug 19 Last Checked: Sep 20 at 11:06AM
MLS# 202610996

Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial land offering comprises two separate legal parcels and includes an existing billboard located on one tract. The billboard lease is available for renewal, with the option to renegotiate its terms or remove the structure. The property is positioned on Parkway Drive and is associated with commercial redevelopment, new construction, land banking, and resale uses described in the available information.

Water is available at the property, and public sewer service is identified. The parcel configuration provides separate legal tracts for flexible ownership or development planning, while the billboard creates an existing site feature that can be addressed through lease negotiations.

Key Highlights

  • Two separate legal parcels
  • Existing billboard on the 1‑acre tract
  • Billboard lease available for renewal or renegotiation

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Restaurant Big Box & Wholesale Store Auto Repair Shop HVAC Service Pharmacy Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

61
Businesses Nearby

Demographics for 79403, TX

15,604
Population
6,530
Households
2.4
Avg Household Size
38
Median Age
11%
College-Educated
76%
High-School Grad
131.3 sq mi
ZIP Area
119
Density / Sq Mi
$45,343
Median Household Income
$27,431
Median Earnings
$946
Median Rent
$83,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - Two legal parcels with water availability, public sewer, and an existing billboard subject to lease renewal.
Where is this commercial land located?
The property is located at 3501 Parkway Drive Lubbock, TX.
What is the asking price?
The asking price for this property is $34,000.
What are key features of this property?
This property features: Two separate legal parcels; Existing billboard on the 1‑acre tract; Billboard lease available for renewal or renegotiation
More about this property
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