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Healthcare Facility Redevelopment Opportunity
New
For Sale
$220,000

1601 Vanda Ave, Lubbock, TX 79403

Existing healthcare facility with numerous private rooms, common areas, and administrative space, offered with owner financing available.

Property Size8,638 SF
Price / SF$25.47
Days on Market5

Property Features for 1601 Vanda Ave

General Information

Standard status Active
Size 8,638 SF

Additional Details

Highway Access Yes

Building Details

Year Built 1964
Listing Agency: Keller Williams Realty
Listed By: Rachel Smith · License #0779879
Source: Raftercrossrealty
Added: Jul 27 Changed: Jul 28 Last Checked: Jul 30 at 8:59AM

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 Keller Williams Realty

Investment Insights

Based on property information with market context.

For sale is an 8,638± square foot commercial healthcare facility with an adaptable interior layout. The existing floor plan includes numerous private rooms, multiple common areas, and dedicated administrative space, supporting a range of institutional and commercial configurations. The property is being marketed as a flexible redevelopment asset, with potential options including assisted living, memory care, behavioral health, rehabilitation services, transitional or veterans housing, medical offices, educational facilities, workforce housing, nonprofit operations, or other specialty commercial uses, subject to zoning, licensing, and buyer verification.

The building is positioned to provide convenient access to major highways and key transportation corridors, supporting connectivity for staff, clients, and service providers.

Interested buyers are advised to independently verify all property information, zoning, permitted uses, licensing requirements, and suitability for their intended use. Owner financing is available.

Key Highlights

  • 8,638± SF commercial property built in 1964 with an existing healthcare facility layout
  • Floor plan includes numerous private rooms plus multiple common areas and administrative space
  • Owner financing available

Property Analytics

Current Use

Lubbock Regional Mhmr ... Counselor

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Restaurant Big Box & Wholesale 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
Highway access

Location Intelligence

Trade Area within ½ mile

238
Businesses Nearby
Under-served
Demand for This Use

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Assisted living facility - Existing healthcare facility with numerous private rooms, common areas, and administrative space, offered with owner financing available.
Where is this assisted living facility located?
The property is located at 1601 Vanda Ave Lubbock, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 8,638± SF commercial property built in 1964 with an existing healthcare facility layout; Floor plan includes numerous private rooms plus multiple common areas and administrative space; Owner financing available
More about this property
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