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    12001 Frankford Ave Lubbock, TX 79424

    For Sale
    $700,000

    1.44 Acres, High-Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.44-acre commercial land parcel, encompassing 62,926 square feet, presents a remarkable investment opportunity in southwest Lubbock, Texas. Boasting over 200 feet of frontage on Frankford Avenue, this property benefits from its location within a rapidly developing area, promising significant future appreciation. The asking price is $700,000. The property's address is 12001 Frankford Avenue, Lubbock, TX 79424, situated in Lubbock County. Its convenient location offers excellent visibility and accessibility, making it ideal for a wide range of commercial ventures. Beyond outright purchase, the owners are open to exploring build-to-suit lease options, providing flexibility for potential developers. This presents a unique chance to secure a prime location in a thriving market, whether for immediate development or future expansion. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a substantial commercial land parcel in a high-demand area of Lubbock. Don't miss out on this chance to capitalize on the growth potential of southwest Lubbock.

    Property Features for 12001 Frankford Ave

    General Information

    Property type
    Land

    HighLights

    • $700,000 asking price.
    • 62,926 square foot commercial land parcel.
    • Located at 12001 Frankford Ave, Lubbock, TX 79424.
    • 1.44‑acre tract with over 200 feet of Frankford Avenue frontage.
    • Build‑to‑suit lease option available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop 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
    -101.93965214371
    Latitude
    33.484618454545

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    FAQs

    What type of property is this?
    Land - 1.44 Acres, High-Growth Area
    Where is this land located?
    The property is located at 12001 Frankford Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: $700,000 asking price.; 62,926 square foot commercial land parcel.; Located at 12001 Frankford Ave, Lubbock, TX 79424.
    (806) 771-7710
    Request Owner's contact information
    12001 Frankford Ave Lubbock, TX 79424
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    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
    12001 Frankford Ave Lubbock, TX 79424
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