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    Loop 289 Lubbock, TX 79415

    For Sale
    Contact for pricing

    15.6 Acres, Prime Lubbock Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 15.64-acre commercial land parcel sits at the highly visible corner of North Loop 289 and Quaker Avenue in Lubbock, Texas. Boasting over 1,100 feet of frontage on Loop 289, this property enjoys over 25,000 daily vehicle counts, ensuring maximum exposure. Zoned AC (Auto Urban Commercial), formerly C3, it's ideally suited for a variety of uses including retail, multi-family, office, or restaurant development. The land is not located in a floodplain and offers significant advantages for Qualified Opportunity Zone (QOZ) investors seeking substantial tax benefits. Its strategic location provides easy access to major thoroughfares and is within five minutes of prominent institutions such as Texas Tech University (over 40,000 students), University Medical Center, Covenant Health Systems, and the NorthStar Medical Office Park. Lubbock's robust economy, encompassing manufacturing, agriculture, wholesale and retail, government, education, and healthcare, makes this a compelling investment opportunity. The property's size allows for development as a whole or subdivision, catering to diverse project scales. The APN is R94885. The land is priced at $8 per square foot.

    Property Features for 0 Loop 289

    General Information

    Property type
    Land
    Lot Size
    681,366 SF

    HighLights

    • 15.64‑acre commercial land parcel at the highly visible corner of North Loop 289 and Quaker Avenue in Lubbock, Texas.
    • Over 1,100 feet of frontage on Loop 289, with over 25,000 daily vehicle counts.
    • AC (Auto Urban Commercial) zoning, suitable for retail, multi‑family, office, or restaurant development.
    • Located outside the floodplain and qualifies for Qualified Opportunity Zone (QOZ) tax benefits.
    • Five‑minute proximity to Texas Tech University, University Medical Center, Covenant Health Systems, and NorthStar Medical Office Park. APN: R94885.
    • Priced at $8 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9033256891
    Latitude
    33.608544865047

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    FAQs

    What type of property is this?
    Land - 15.6 Acres, Prime Lubbock Location
    Where is this land located?
    The property is located at Loop 289 Lubbock, TX.
    What are key features of this property?
    This property features: 15.64-acre commercial land parcel at the highly visible corner of North Loop 289 and Quaker Avenue in Lubbock, Texas.; Over 1,100 feet of frontage on Loop 289, with over 25,000 daily vehicle counts.; AC (Auto Urban Commercial) zoning, suitable for retail, multi-family, office, or restaurant development.
    (806) 777-1310
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    Loop 289 Lubbock, TX 79415
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    Lubbock, TX 79415
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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
    Loop 289 Lubbock, TX 79415
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