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    11703 Indiana Ave Lubbock, TX 79423

    Sponsored
    For Sale
    $3,375,000

    19,000 SF Retail Building, Lubbock, TX

    Property size:
    19,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19,000-square-foot retail building sits on a 2.27-acre corner lot in Lubbock, Texas, boasting high daily traffic counts and premier frontage. Located less than a mile from the new Loop 88, this property offers incredible upside potential. Currently vacant, the building features 12 offices, 5 large rooms, and 6 restrooms, with multiple entrances on both the east and west sides. Built in 2002 and renovated in 2022, it includes 95 parking spaces. The Auto-Urban Commercial zoning allows for diverse uses, from retail and auto sales to medical, educational, and entertainment ventures. The property is comprised of two contiguous tracts, totaling 2.27 acres. The asking price is $3,375,000, with a land value of $15 per square foot. This presents a unique opportunity for a single owner-user or a multi-tenant operation. The building's current configuration and zoning flexibility make it suitable for a wide range of businesses. The high-traffic location and ample parking make this a highly desirable investment. The property is ready for immediate occupancy, with an occupancy date of November 1, 2024.

    Property Features for 11703 Indiana Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    19,000 SF
    Class
    B
    Lot Size
    98,881 SF

    Building Details

    Year Built/Renovated
    2002/2022
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 19,000 SF retail building on a 2.27‑acre corner lot in Lubbock, TX.
    • High daily traffic counts and premier frontage, less than a mile from Loop 88.
    • Currently vacant, features 12 offices, 5 large rooms, 6 restrooms, and multiple entrances.
    • 95 parking spaces, built in 2002, renovated in 2022.
    • Auto‑Urban Commercial zoning allows diverse uses, including retail, auto sales, medical, educational, and entertainment.
    • $3,375,000 asking price, land value of $15/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Allen Financial Agency ... Consultant Xpedition Headquarters Camping Store Antiqueology Antique Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
    -101.8870883
    Latitude
    33.4882401

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    FAQs

    What type of property is this?
    Individual retail property - 19,000 SF Retail Building, Lubbock, TX
    Where is this individual retail property located?
    The property is located at 11703 Indiana Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $3,375,000.
    What are key features of this property?
    This property features: 19,000 SF retail building on a 2.27-acre corner lot in Lubbock, TX.; High daily traffic counts and premier frontage, less than a mile from Loop 88.; Currently vacant, features 12 offices, 5 large rooms, 6 restrooms, and multiple entrances.
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    11703 Indiana Ave 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
    11703 Indiana Ave Lubbock, TX 79423
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