Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3602 City Bank Pkwy Lubbock, TX 79414

    For Sale
    $1,480,710

    Prime Lubbock Office Land, 98,714 SF

    Property size:
    98,714 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Exceptional development opportunity in Lubbock, Texas! This 98,714 square foot, platted tract is ideally situated at 3602 City Bank Parkway, offering unparalleled access to Marsha Sharp Freeway and downtown Lubbock (under 5 minutes away). The property boasts convenient proximity to the Medical District and Texas Tech University. Zoned as Interstate Highway Commercial (IHC), utilities are already on-site. This prime location is perfect for the construction of two or three office buildings, catering to various needs, including medical, general office, or legal practices. The asking price is $1,480,710, translating to $15 per square foot. The property's Class B designation reflects its potential for significant value enhancement through new construction. Consider this a rare chance to acquire a large, well-located parcel ready for immediate development in a thriving Texas city. The site's location east of City Bank of Lubbock and behind Security Park Shopping Center ensures high visibility and accessibility. This is an excellent investment opportunity for developers seeking a strategic location with strong potential for return.

    Property Features for 3602 City Bank Pkwy

    General Information

    Property type
    Medical offices
    Square Feet
    98,714 SF
    Class
    B

    HighLights

    • Excellent location for garden office uses, including general office, medical, or legal practices.
    • Five‑minute drive to downtown Lubbock and the medical district via Marsha Sharp Freeway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.92418767119
    Latitude
    33.560588295049

    Nearby Similar for Sale

    • $650,000

      Multifamily Investment Near Texas Tech

      Four properties near Texas Tech, offering diverse rental opportunities.
      Package Property, Lubbock, TX 79411
      View Details
    • $700,000
      7,768 SF

      Multifamily Property Near Texas Tech

      Multifamily property near Texas Tech, suitable for students and short-term rentals.
      2123 15Th St, Lubbock, TX 79401
      View Details
    • $333,000
      2,832 SF

      Historic Multifamily Property Near Texas Tech

      Six-bedroom property near Texas Tech, featuring unique historic details.
      2323 20Th St, Lubbock, TX 79411
      View Details
    • $415,000

      Lubbock Income-Generating Package Property

      Fully leased properties with strong rental history in desirable Lubbock locations.
      Package Property, Lubbock, TX 79410
      View Details
    • New
      $35,000
      Pending

      Lubbock Duplex Near Texas Tech

      Duplex in Lubbock near Texas Tech, great rental opportunity.
      1512 18Th St, Lubbock, TX 79401
      View Details
    • New
      $385,000
      4,868 SF

      Spacious Duplex with Atriums

      Two units, each with private atrium and two-car garage.
      3313 74Th St, Lubbock, TX 79423
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Lubbock Office Land, 98,714 SF
    Where is this medical office located?
    The property is located at 3602 City Bank Pkwy Lubbock, TX.
    What is the asking price?
    The asking price for this property is $1,480,710.
    What are key features of this property?
    This property features: Excellent location for garden office uses, including general office, medical, or legal practices.; Five-minute drive to downtown Lubbock and the medical district via Marsha Sharp Freeway.;
    Request Owner's contact information
    3602 City Bank Pkwy Lubbock, TX 79414
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3602 City Bank Pkwy
    Lubbock, TX 79414
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3602 City Bank Pkwy Lubbock, TX 79414
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.