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    3501 Parkway Dr Lubbock, TX 79403

    For Sale
    $47,000

    LAND - Lubbock, TX

    Lot size:
    1.50 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 3501 Parkway Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R63308
    Lot size
    1.50 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer

    Keller Williams Realty (806) 771-7710 [email protected]

    Listing agent Houston Garrett (806) 544-7343 License #0740265

    Listing date Nov 17, 2025

    MLS# 202558051 Listing URL

    Copyright © 2025 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.

    Overview

    Parkway Drive Land Investment Opportunity

    This 1.5-acre parcel on Parkway Drive presents a prime investment opportunity. The land is split into two separate legal parcels, offering flexible development or resale options. A billboard is currently situated on the 1-acre tract. The billboard lease is up for renewal and can be renegotiated or removed, depending on the buyer's preference. The property is priced to sell fast, making it an exceptional opportunity for investors or business owners looking for high-traffic frontage at a competitive price. This property is located in Lubbock, TX.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Auto Repair Shop Kitchen & Bath Pharmacy Wholesale Shop Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.798399
    Latitude
    33.599366

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    FAQs

    What type of property is this?
    Commercial land - 1.5 acres on Parkway Drive, priced to sell fast.
    Where is this commercial land located?
    The property is located at 3501 Parkway Dr Lubbock, TX.
    What is the asking price?
    The asking price for this property is $47,000.
    What are key features of this property?
    This property features: - Priced significantly below comparable properties at $1.00 per square foot.; - Highly visible 1.5-acre parcel on Parkway Drive with high-traffic frontage.; - Split into two separate legal parcels, offering flexible development or resale options.
    (806) 544-7343
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    3501 Parkway Dr Lubbock, TX 79403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3501 Parkway Dr Lubbock, TX 79403
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