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    53rd St And Chicago Ave Lubbock, TX 79414

    Sponsored
    For Sale
    $375,000

    1.67 Acres, Office Zoning, $375,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.67-acre commercial land parcel presents a unique investment opportunity in Lubbock, Texas. Strategically located just inside Loop 289 at the intersection of 53rd Street and Chicago Avenue, this property boasts an OF (Office) zoning designation, making it ideal for a variety of commercial developments. The asking price is $375,000. Utilities are readily accessible, with water and sewer services available along the southern boundary. The site's convenient location offers excellent visibility and accessibility, providing significant advantages for businesses seeking a prominent presence in a thriving area. While a portion of the property falls within Flood Zone X, this should be considered during the planning and development phases. Detailed flood zone information is available upon request. This property's size and zoning make it suitable for a range of office-related projects, offering significant potential for future growth and return on investment. The address is 53rd Street and Chicago Avenue, Lubbock, TX 79414, within Lubbock County. Serious inquiries are encouraged to explore this compelling opportunity further. The property is situated at latitude 33.5462751 and longitude -101.9310817.

    Property Features for 53rd St And Chicago Ave

    General Information

    Property type
    Land
    Lot Size
    72,745 SF

    HighLights

    • Property located partially within FEMA designated Flood Zone X.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.9310817
    Latitude
    33.5462751

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    FAQs

    What type of property is this?
    Land - 1.67 Acres, Office Zoning, $375,000
    Where is this land located?
    The property is located at 53rd St And Chicago Ave Lubbock, TX.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Property located partially within FEMA designated Flood Zone X.; ;
    (806) 777-8114
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    53rd St And Chicago Ave Lubbock, TX 79414
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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
    53rd St And Chicago Ave Lubbock, TX 79414
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