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    6050 50Th St Lubbock, TX 79424

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    For Sale
    $699,000

    Strategically located development land behind Canyon West Shopping Center.

    Lot size:
    2.98 Acres

    Property Features for 6050 50Th St

    General Information

    Lot size
    2.98 Acres

    Source: The Powell Group Agent David Powell, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Land Near Canyon West

    This development land is strategically located behind the Canyon West Shopping Center, offering access to 50th Street, Marsha Sharp Freeway, and Milwaukee Avenue. The property is situated minutes from the developing Covenant Park off 82nd and Marsha Sharp, in one of the fastest-growing areas in the region. The location benefits from proximity to major traffic corridors, facilitating logistics and transportation. The surrounding area has experienced commercial development, making it suitable for national investors, builders, and developers seeking opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.944048
    Latitude
    33.547645

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    FAQs

    What type of property is this?
    Land - Strategically located development land behind Canyon West Shopping Center.
    Where is this land located?
    The property is located at 6050 50Th St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Premier location behind Canyon West Shopping Center.; - Seamless access to 50th Street, Marsha Sharp Freeway, and Milwaukee Avenue.; - Minutes from developing Covenant Park off 82nd and Marsha Sharp.
    (806) 239-0804
    Request Owner's contact information
    6050 50Th St Lubbock, TX 79424
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    Lubbock, TX 79424
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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
    6050 50Th St Lubbock, TX 79424
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