Commercial Land with Billboard
For Sale
$384,900
1812 Avenue R, Lubbock, TX 79401
NNN-leased commercial land includes a 3-year lease and an existing billboard lease for income while you develop.
Property Size30,492 SF
Price / SF$12.62
Days on Market355
Property Features for 1812 Avenue R
General Information
Standard status
Active
Size
30,492 SF
Property subtype
Land / Package Property
Additional Details
Road Access
Yes
Amenities
MLS
0.0
Listing Agency:
Wise Cardinal Realty
(806) 332-4434
Listed By:
Josh Urias · License #0677953
(806) 332-4434
Source:
Compass
Added: Aug 24, 2025
Changed: Aug 8
Last Checked: Mar 25 at 7:50PM
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 Wise Cardinal Realty
Investment Insights
Based on property information with market context.
This offering includes multiple commercial lots totaling a developable site with an existing structure on 19th Street and a blank land parcel on the Avenue R side. The Avenue R parcel is described as deeper, offering room for expansion or a buffer depending on your development approach. The seller also indicates existing plans for a multifamily project.
The parcels are described as straddling 19th Street and Avenue R, providing street frontage and multiple access possibilities. 19th Street is characterized as an established traffic artery with vehicular and pedestrian exposure.
The property includes an NNN 3-year lease providing income of $1,750 per month, plus ancillary income of $1,750 per year related to the existing billboard lease. The seller notes the asset is structured to generate cash flow from day one while the site is positioned for future development.
The parcels are described as straddling 19th Street and Avenue R, providing street frontage and multiple access possibilities. 19th Street is characterized as an established traffic artery with vehicular and pedestrian exposure.
The property includes an NNN 3-year lease providing income of $1,750 per month, plus ancillary income of $1,750 per year related to the existing billboard lease. The seller notes the asset is structured to generate cash flow from day one while the site is positioned for future development.
Key Highlights
- NNN‑leased commercial land at 1812 Avenue R and 1808–1812 19th St, plus 1814 Avenue R in Lubbock, TX
- 3‑year NNN lease provides $1,750/month, plus $1,750/year ancillary income from an existing billboard lease
- Parcels include an existing structure on 19th St and deeper Avenue R parcel for expansion or buffer opportunity
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,951
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - NNN-leased commercial land includes a 3-year lease and an existing billboard lease for income while you develop.
Where is this commercial land located?
The property is located at 1812 Avenue R Lubbock, TX.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: NNN‑leased commercial land at 1812 Avenue R and 1808–1812 19th St, plus 1814 Avenue R in Lubbock, TX; 3‑year NNN lease provides $1,750/month, plus $1,750/year ancillary income from an existing billboard lease; Parcels include an existing structure on 19th St and deeper Avenue R parcel for expansion or buffer opportunity
