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    8902 University Ave Lubbock, TX 79423

    Sponsored
    For Sale
    $516,460

    Prime location, build-to-suit option.

    Property size:
    36,890 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 0.85-acre retail property in Lubbock, Texas, presents a remarkable investment opportunity. Boasting 36,890 square feet, this strategically located parcel sits on South University, surrounded by a thriving commercial hub. The property benefits from high traffic counts generated by nearby Quick-Service Restaurants (QSRs) including Chick-fil-A, Whataburger, Buffalo Wild Wings, Braum's, and Dutch Bros Coffee, as well as a Tinseltown Movie Theater and flourishing residential developments. A new credit union is under construction across the street, further enhancing the area's appeal and foot traffic. The property's AC (Auto Urban Commercial) zoning allows for a wide range of commercial uses. The site offers excellent visibility and accessibility, ensuring your business will benefit from significant exposure to potential customers. To further enhance its appeal, the front of the lot is already paved and fenced on both the north and south sides, reducing initial development costs. The current owners are open to build-to-suit options, providing flexibility and customization to meet specific business needs. This is an unparalleled chance to establish a thriving business in a high-demand location. The asking price is $516,460.

    Property Features for 8902 University Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    36,890 SF
    Lot Size
    37,026 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.8711
    Latitude
    33.51372

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, build-to-suit option.
    Where is this commercial real estate located?
    The property is located at 8902 University Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $516,460.
    (806) 860-6945
    Request Owner's contact information
    8902 University Ave Lubbock, TX 79423
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    Lubbock, TX 79423
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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
    8902 University Ave Lubbock, TX 79423
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