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New Shopping Center Redevelopment
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1003 Avenue Q, Lubbock, TX 79401

Retail, restaurant, and office space are planned within a flexible redevelopment with multiple access points and Avenue Q frontage.

Space Size1,784 SF - 5,044 SF
Property Size19,040 SF
Days on Market117

Property Features for 1003 Avenue Q

General Information

Standard status Active
Size 1,784 SF - 5,044 SF
Property subtype Retail, Office, Restaurant

Additional Details

Road Access Yes

Building Details

Building Size 19,040 SF
Year Built 2026
Tenancy Multiple

Spaces For Lease

at 1003 Avenue Q Contact us

Office Space (±5,044 SF)

Size
5,044 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Restaurant A (±2,072 SF)

Size
2,072 SF
Type
Restaurant
Lease Type
NNN
Availability
Active
Contact us

Restaurant B (±1,784 SF)

Size
1,784 SF
Type
Restaurant
Lease Type
NNN
Availability
Active
Contact us

Retail Suites (up to ±10,140 SF)

Type
Office, Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: NAI Wheelhouse
Listed By: Logan Greene · License #0821315
Source: Crexi
Added: May 8 Changed: Aug 31 Last Checked: Aug 31 at 6:53PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Wheelhouse

Investment Insights

Based on property information with market context.

Scheduled for completion in 2026, this shopping center redevelopment is planned as a mixed commercial project with space for retail, restaurant, and office users. Flexible configurations are intended to accommodate a range of concepts, while multiple access points support convenient connections through the property. Avenue Q frontage adds a prominent street presence for the development.

The site is positioned between Downtown Lubbock and Texas Tech University, near student housing, established commercial properties, residential neighborhoods, and the downtown workforce. The surrounding student population exceeds 42,000, placing the project within an active infill corridor that connects major employment, education, housing, and commercial areas.

Key Highlights

  • 2026 shopping center redevelopment
  • Planned mix of retail, restaurant, and office space
  • Flexible configurations for a range of commercial concepts

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Cosmetic Store Electrical Service Clothing & Fashion 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.

Lease Details

Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,578
Businesses Nearby
253k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 46% Shops & Services 27% Dining 22% Hotels & Casinos 4%
Walmart Superstores
116,818 visits/mo 0.3 miles
Murphy USA Shops & Services
30,990 visits/mo 0.3 miles
Taco Bell Dining
23,487 visits/mo 0.3 miles
Phillips 66 Shops & Services
14,715 visits/mo 0.3 miles
Stripes Shops & Services
10,099 visits/mo 0.3 miles

Demographics for 79401, TX

8,775
Population
4,813
Households
1.8
Avg Household Size
26
Median Age
26%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
3,510
Density / Sq Mi
$27,255
Median Household Income
$20,570
Median Earnings
$1,048
Median Rent
$101,500
Median Home Value

Market

Lease Benchmarks for Lubbock, TX

$20.44 /SF/Yr
Avg Asking Price
$10–$28 /SF/Yr
Price Range
7,875 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Shopping center - Retail, restaurant, and office space are planned within a flexible redevelopment with multiple access points and Avenue Q frontage.
Where is this shopping center located?
The property is located at 1003 Avenue Q Lubbock, TX.
What are key features of this property?
This property features: 2026 shopping center redevelopment; Planned mix of retail, restaurant, and office space; Flexible configurations for a range of commercial concepts
(806) 722-1200 Call to check price and availability
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