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    5000 Erskine St Lubbock, TX 79416

    For Sale
    $1,136,916

    4.35 Acres, AC Zoning, Seller Financing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 4.35-acre commercial land parcel in Lubbock, Texas, presents a unique investment opportunity. Located at 5000 Erskine St, Lubbock, TX 79416, this property is zoned AC and offers significant potential for development. The asking price is $1,136,916, translating to $261,360 per acre. Situated within the rapidly growing North Pointe neighborhood, a master-planned community exceeding 1500 acres, this land benefits from its proximity to established amenities. Nearby businesses include CVS, Braum's, and Affordable Storage, ensuring high visibility and convenient access. North Pointe features landscaped walking trails, retail outlets, and is served by Centennial Elementary, a highly-rated school within Lubbock ISD, with additional schools planned for the area. Utilities are available, and the seller is offering financing options to qualified buyers, with the possibility of dividing the land. This prime location, coupled with the seller's financing options and the thriving North Pointe community, makes this an attractive proposition for investors seeking a foothold in Lubbock's dynamic commercial real estate market. The property's strategic location north of Loop 289, between Erskine and Marshall Avenues, ensures excellent accessibility and visibility.

    Property Features for 5000 Erskine St

    General Information

    Property type
    Land
    Lot Size
    189,486 SF

    HighLights

    • 4.35‑acre commercial land parcel in Lubbock, TX, priced at $1,136,916 ($261,360/acre).
    • AC zoning.
    • Seller financing available.
    • Located near Loop 289, between Erskine and Marshall Avenues.
    • Adjacent to CVS, Braum's, and Affordable Storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.921367
    Latitude
    33.608222

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    FAQs

    What type of property is this?
    Land - 4.35 Acres, AC Zoning, Seller Financing
    Where is this land located?
    The property is located at 5000 Erskine St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,136,916.
    What are key features of this property?
    This property features: 4.35-acre commercial land parcel in Lubbock, TX, priced at $1,136,916 ($261,360/acre).; AC zoning.; Seller financing available.
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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
    5000 Erskine St Lubbock, TX 79416
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