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    City Bank Pkwy Lubbock, TX 79414

    Sponsored
    For Sale
    $1,137,390

    1.74 Acres, City Bank Parkway

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 1.74-acre commercial land parcel presents a remarkable investment opportunity in the heart of Lubbock, Texas. Strategically located on City Bank Parkway, this property boasts excellent visibility and accessibility, with convenient access to both the Marsha Sharp Freeway and Slide Road. The site is zoned IHC, offering considerable development potential for a variety of commercial uses. Utilities are readily available on-site, simplifying the development process and reducing upfront costs. The property's central Lubbock location ensures high traffic volume and proximity to a diverse range of businesses and amenities. Across from City Bank, this tract (designated Tract D) represents a rare chance to acquire a prime piece of real estate in a thriving Texas city. The expansive lot size provides ample space for a substantial commercial development, making it ideal for businesses seeking a prominent location with strong growth potential. This is a turnkey opportunity for developers and investors looking to capitalize on Lubbock's robust commercial market. The property's location and zoning make it suitable for a wide range of commercial projects, offering significant long-term value and return on investment. The asking price is $1,137,390. Don't miss this chance to secure a prime piece of Lubbock commercial real estate.

    Property Features for 0 City Bank Pkwy

    General Information

    Property type
    Land
    Lot Size
    75,794 SF

    HighLights

    • $1,137,390 asking price.
    • 1.74‑acre commercial land parcel.
    • IHC zoning.
    • Located on City Bank Parkway in Lubbock, TX, 79414.
    • Excellent access to Marsha Sharp Freeway and Slide Road.
    • Great office development opportunity in central Lubbock.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9244625
    Latitude
    33.5608116

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    FAQs

    What type of property is this?
    Land - 1.74 Acres, City Bank Parkway
    Where is this land located?
    The property is located at City Bank Pkwy Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,137,390.
    What are key features of this property?
    This property features: $1,137,390 asking price.; 1.74-acre commercial land parcel.; IHC zoning.
    (806) 776-1270
    Request Owner's contact information
    City Bank Pkwy Lubbock, TX 79414
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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
    City Bank Pkwy Lubbock, TX 79414
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