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    289 And Memphis Ave Lubbock, TX 79415

    Sponsored
    For Sale
    $1,118,000

    6.04 Acres, High Visibility, C-3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.04-acre commercial and industrial land parcel presents a compelling investment opportunity in Lubbock, Texas. Located at the prominent intersection of North Loop 289 and Memphis Avenue, this property boasts unparalleled visibility and high traffic counts, making it ideal for a variety of uses. The C-3 zoning allows for diverse development options, including distribution centers, industrial facilities, mini-storage units, and even multi-family residential projects. The asking price is $1,118,000, translating to $185,099 per acre, reflecting the strategic location and development potential. The property's Loop 289 frontage ensures significant exposure to a large daily traffic volume. The owner is open to dividing the land, offering flexibility for potential buyers with varying needs and project scales. This is a rare opportunity to acquire a highly visible and versatile tract of land in a rapidly growing area of Lubbock, offering substantial returns on investment. The property's location in Lubbock County, Texas, with a zip code of 79415, provides easy access to major transportation routes and established infrastructure. This prime location, combined with the flexible zoning and potential for subdivision, makes this an exceptional investment opportunity not to be missed.

    Property Features for 289 And Memphis Ave

    General Information

    Property type
    Land
    Lot Size
    263,102 SF

    HighLights

    • High visibility at the intersection of North Loop 289 and Memphis Avenue in Lubbock, TX.
    • Loop 289 frontage with high traffic counts.
    • C‑3 zoning allows for distribution, industrial, mini‑storage, and multi‑family uses.
    • Owner will consider dividing the 6.04‑acre parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9119871
    Latitude
    33.6863649

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    FAQs

    What type of property is this?
    Land - 6.04 Acres, High Visibility, C-3 Zoning
    Where is this land located?
    The property is located at 289 And Memphis Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,118,000.
    What are key features of this property?
    This property features: High visibility at the intersection of North Loop 289 and Memphis Avenue in Lubbock, TX.; Loop 289 frontage with high traffic counts.; C-3 zoning allows for distribution, industrial, mini-storage, and multi-family uses.
    Request Owner's contact information
    289 And Memphis Ave 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
    289 And Memphis Ave Lubbock, TX 79415
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