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    6050 50Th St Lubbock, TX 79424

    For Sale
    $675,000

    3.02 Acres, Lubbock, TX - Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3.02-acre commercial and industrial land parcel presents a remarkable development opportunity in Lubbock, Texas. Strategically located on 50th Street, just one block east of Milwaukee Avenue, this property enjoys high visibility and accessibility within a thriving retail corridor. The site benefits from its immediate proximity to the Canyon West Shopping Center, a major retail hub anchored by national tenants such as Target, Office Depot, Sam's Club, Burlington, Ross, and Conn's. This prime location ensures high traffic volume and strong consumer demographics. The property is zoned LI (Light Industrial), allowing for a diverse range of development possibilities. Utilities are readily available on-site, facilitating a seamless development process. Furthermore, its convenient location offers easy access to major roadways, including the Marsha Sharp Freeway and West Loop 289, providing efficient connectivity to all areas of Lubbock, including Texas Tech University, UMC, Covenant Medical Center, West End Shopping Center, and South Plains Mall. The property's proximity to Frenship Memorial High School (projected opening August 2025) further enhances its long-term value and potential. This is an exceptional opportunity to acquire a highly desirable and strategically located land parcel poised for immediate development in a rapidly growing area. The asking price is $675,000.

    Property Features for 6050 50Th St

    General Information

    Property type
    Land
    Lot Size
    131,551 SF

    HighLights

    • Anchored by Canyon West Shopping Center with 20+ national tenants.
    • Excellent access to major roadways, offering convenient transit throughout Lubbock and surrounding areas.
    • Ready for immediate development with existing utilities.
    • Less than one mile from Frenship Memorial High School (opening August 2025).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -101.95295811
    Latitude
    33.5493571

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    FAQs

    What type of property is this?
    Land - 3.02 Acres, Lubbock, TX - Prime Location
    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 $675,000.
    What are key features of this property?
    This property features: Anchored by Canyon West Shopping Center with 20+ national tenants.; Excellent access to major roadways, offering convenient transit throughout Lubbock and surrounding areas.; Ready for immediate development with existing utilities.
    Request Owner's contact information
    6050 50Th St 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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