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    8102 Venita Ave Lubbock, TX 79424

    For Sale
    $622,032

    1.19 Acres, Heavy Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.19-acre commercial lot in Lubbock, Texas, presents a remarkable development opportunity. Located at 8102 Venita Ave, this hard corner property boasts 146 feet of frontage on 82nd Street and 236.8 feet on Venita Avenue, ensuring high visibility and accessibility. The property's APN is R103340 and is zoned HC (Heavy Commercial), allowing for a wide array of uses including automotive services, parts sales, repair facilities, heavy machinery sales and service, self-storage, industrial manufacturing and supply, and hardware sales. Situated in the growing southwest Lubbock area, this site offers convenient access to the 62/82 Marsha Sharp Freeway, a significant advantage for businesses needing easy highway access. City water and electric are readily available, while septic is required for sewer. Importantly, the property is located outside the floodplain, mitigating potential risks. The asking price for this strategically located, high-visibility lot is $622,032. This prime commercial land offers significant potential for substantial return on investment. The signalized intersection provides optimal visibility and accessibility for potential businesses. Don't miss this chance to acquire a highly desirable commercial property in a thriving area of Lubbock.

    Property Features for 8102 Venita Ave

    General Information

    Property type
    Land
    Lot Size
    51,836 SF

    HighLights

    • Signalized intersection for optimal visibility and accessibility.
    • 146 feet of frontage on 82nd Street and 236.8 feet on Venita Avenue.
    • Heavy Commercial (HC) zoning.
    • City water and electric available; septic system required for sewer.
    • Located above the floodplain.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.979224
    Latitude
    33.52031

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    FAQs

    What type of property is this?
    Land - 1.19 Acres, Heavy Commercial Zoning
    Where is this land located?
    The property is located at 8102 Venita Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $622,032.
    What are key features of this property?
    This property features: Signalized intersection for optimal visibility and accessibility.; 146 feet of frontage on 82nd Street and 236.8 feet on Venita Avenue.; Heavy Commercial (HC) zoning.
    Request Owner's contact information
    8102 Venita Ave Lubbock, TX 79424
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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
    8102 Venita Ave Lubbock, TX 79424
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