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    122Nd St Lubbock, TX 79423

    For Sale
    Contact for pricing

    Prime Retail Land, High-Growth Area, Texas

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial land offering presents a rare opportunity to acquire 1 to 2.6 acres of prime real estate in Lubbock, Texas. Located at the highly visible hard corner of Indiana Avenue and 122nd Street, this property boasts an ideal location for retail development or build-to-suit projects. The land is available for purchase or ground lease, providing flexibility for various investment strategies. Situated in a rapidly expanding residential and commercial area, this site benefits from strong demographics and significant future growth potential. Its proximity to a major supermarket (United Supermarkets) and the planned Loop 88 ensures high visibility and convenient access for customers. The property's land value ranges from $22 to $25 per square foot, reflecting its strategic location and development potential. This is an exceptional opportunity to capitalize on the burgeoning growth of South Lubbock and secure a prominent position in a thriving market. The property is zoned for commercial use and is ready for immediate development. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a piece of Lubbock's vibrant commercial landscape. The address is 122nd Street, Lubbock, Texas, 79423, within Lubbock County.

    Property Features for 0 122Nd St

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 1‑2.6 acre commercial land parcel available for ground lease, build‑to‑suit, or purchase in Lubbock, TX.
    • Located on a hard corner at Indiana Ave & 122nd St.
    • Situated in a rapidly developing area near United Supermarkets and the future Loop 88.
    • Land price: $22-$25/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.88829778421
    Latitude
    33.483438208179

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, High-Growth Area, Texas
    Where is this land located?
    The property is located at 122Nd St Lubbock, TX.
    What are key features of this property?
    This property features: 1-2.6 acre commercial land parcel available for ground lease, build-to-suit, or purchase in Lubbock, TX.; Located on a hard corner at Indiana Ave & 122nd St.; Situated in a rapidly developing area near United Supermarkets and the future Loop 88.
    (806) 722-1200
    Request Owner's contact information
    122Nd St 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
    122Nd St Lubbock, TX 79423
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