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    Of Erskine & Winston Cor Lubbock, TX 79416

    Sponsored
    For Sale
    $2,592,912

    4.96 Acres, High-Traffic Area, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4.96-acre commercial land parcel presents a unique investment opportunity in Lubbock, Texas. Strategically located at the southeast corner of Erskine and Winston Streets, this property enjoys excellent visibility and accessibility, situated just off Slide Road. Its prime location offers significant advantages, with proximity to major businesses including United Supermarkets, Lubbock Heart & Surgical Center, UMC Medical Business Center, and CVS. The property's adjacency to these established entities ensures high traffic volume and strong potential for future growth. Furthermore, its location within three miles of Texas Tech University, UMC Hospital, and Covenant Hospital guarantees a substantial and diverse customer base. The property's convenient access to Loop 289 provides easy connectivity throughout the city. The land offers considerable flexibility, with the possibility of subdividing into smaller parcels to accommodate various development needs. The asking price is $2,592,912, translating to a land value of $12 per square foot. This represents a compelling investment opportunity in a thriving Lubbock commercial corridor. Serious inquiries are encouraged.

    Property Features for Of Erskine & Winston Cor

    General Information

    Property type
    Land
    Lot Size
    216,058 SF

    HighLights

    • 4.96‑acre commercial land parcel in Lubbock, TX.
    • Excellent visibility and accessibility at Erskine & Winston Streets, near Slide Road.
    • High traffic volume due to proximity to major businesses including United Supermarkets, Lubbock Heart & Surgical Center, UMC Medical Business Center, and CVS.
    • Located within three miles of Texas Tech University, UMC Hospital, and Covenant Hospital.
    • Easy access to Loop 289.
    • Subdivision potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.91953656982
    Latitude
    33.606768966911

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    FAQs

    What type of property is this?
    Land - 4.96 Acres, High-Traffic Area, Development Potential
    Where is this land located?
    The property is located at Of Erskine & Winston Cor Lubbock, TX.
    What is the asking price?
    The asking price for this property is $2,592,912.
    What are key features of this property?
    This property features: 4.96-acre commercial land parcel in Lubbock, TX.; Excellent visibility and accessibility at Erskine & Winston Streets, near Slide Road.; High traffic volume due to proximity to major businesses including United Supermarkets, Lubbock Heart & Surgical Center, UMC Medical Business Center, and CVS.
    (806) 777-1310
    Request Owner's contact information
    Of Erskine & Winston Cor Lubbock, TX 79416
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    Lubbock, TX 79416
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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
    Of Erskine & Winston Cor Lubbock, TX 79416
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