Development-Ready Land in Lubbock,
For Sale
Contact for pricing
4307 16th St, Lubbock, TX 79416
1.3 acres of land entitled for multifamily development.
Property SizeContact for details
Lot Size1.30 Acres
Days on Market188
Property Features for 4307 16th St
General Information
Standard status
Active
Lot size
1.30 Acres
Property subtype
Multifamily, Land, Senior Living
Building Details
Units
63
Listing Agency:
The Multifamily Group
Listed By:
Jon Krebbs · License #TX 635789
Source:
Crexi
Added: Feb 5
Changed: Aug 8
Last Checked: Jul 16 at 8:13AM
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 The Multifamily Group
Investment Insights
Based on property information with market context.
This offering consists of 1.3 acres of development-ready land in Lubbock, Texas. The property, assembled by a long-term owner, comprises five contiguous parcels, forming a 360’ x 157.5’ rectangular site. Preliminary plans support the development of up to 63 multifamily units. The site is positioned between Texas Tech University and the Rush neighborhood, which has a median household income of approximately $219,000. The location is walkable and appealing to young professionals, medical personnel, and graduate students. The property is one mile from University Medical Center, Covenant Hospital, and the Texas Tech University School of Law.
Key Highlights
- Prime 1.3‑acre development‑ready land in rapidly growing Lubbock, Texas.
- Fully entitled for multifamily development with preliminary plans for up to 63 units.
- Ideally located between Texas Tech University and the affluent Rush neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 79416, TX
36,251
Population
16,094
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,129
Density / Sq Mi
$65,200
Median Household Income
$34,258
Median Earnings
$1,269
Median Rent
$196,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 1.3 acres of land entitled for multifamily development.
Where is this land located?
The property is located at 4307 16th St Lubbock, TX.
What are key features of this property?
This property features: Prime 1.3‑acre development‑ready land in rapidly growing Lubbock, Texas.; Fully entitled for multifamily development with preliminary plans for up to 63 units.; Ideally located between Texas Tech University and the affluent Rush neighborhood.
