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    12301 Indiana Ave Lubbock, TX 79423

    For Sale
    Contact for pricing

    1.164 Acres, IHC Zoning, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.164-acre commercial land parcel, identified by APN R301570, presents a unique investment opportunity in Lubbock, Texas. Located at 12301-12305 Indiana Ave, 79423, this property boasts a generous 50,690 square feet of land, zoned IHC. Its strategic location directly across from Laura Bush Middle School within the desirable Lubbock Cooper school district offers significant advantages. The property's zoning is considered favorable, minimizing potential rezoning complications. This single remaining lot is priced competitively at $16 per square foot. The site benefits from convenient access to major transportation arteries, including proximity to US-87 (three miles), the 289 Loop (five miles), and Lubbock Executive Airport (five miles). Furthermore, it's only ten miles from downtown Lubbock, providing easy access to the city's amenities and business centers. This property is ideal for a variety of commercial developments, capitalizing on its prime location and substantial lot size. Serious inquiries are encouraged to explore the potential of this exceptional land offering.

    Property Features for 12301 Indiana Ave

    General Information

    Property type
    Land

    HighLights

    • 5‑mile proximity to Lubbock Executive Airport.
    • 10‑mile distance to Downtown Lubbock.
    • 3‑mile access to US‑87.
    • 5‑mile proximity to Loop 289.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.886819
    Latitude
    33.4824259

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    FAQs

    What type of property is this?
    Land - 1.164 Acres, IHC Zoning, Excellent Location
    Where is this land located?
    The property is located at 12301 Indiana Ave Lubbock, TX.
    What are key features of this property?
    This property features: 5-mile proximity to Lubbock Executive Airport.; 10-mile distance to Downtown Lubbock.; 3-mile access to US-87.
    (806) 548-2828
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    12301 Indiana Ave Lubbock, TX 79423
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    Lubbock, TX 79423
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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
    12301 Indiana Ave Lubbock, TX 79423
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