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    6515 Milwaukee Ave Lubbock, TX 79424

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    For Sale
    Contact for pricing

    1.87 Acres, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 1.87-acre commercial land parcel is situated in a prime Lubbock location along Milwaukee Avenue, within the Neighborhood Commercial (NC) zoning district. Its strategic position offers unparalleled visibility and accessibility, placing it just two minutes from the newly constructed 800,000 square-foot Canyon West retail center. This presents a significant advantage for businesses seeking high foot traffic and exposure. The property's proximity to major institutions, including Texas Tech University, University Medical Center, and Covenant Health Systems (all within an eight-minute radius), makes it exceptionally well-suited for a diverse range of commercial ventures, including retail establishments, office spaces, or healthcare-related facilities. The land is priced at $11.50 per square foot, representing a compelling investment opportunity. Essential utilities are readily available, simplifying the development process. Furthermore, this property is conveniently located outside of any designated floodplain, eliminating potential flood-related risks and development complications. This ready-to-develop site presents a unique chance to establish a thriving business in a vibrant and rapidly growing area of Lubbock, Texas. The property's size and location combine to create a truly exceptional opportunity for commercial development.

    Property Features for 6515 Milwaukee Ave

    General Information

    Property type
    Land
    Lot Size
    81,457 SF

    HighLights

    • 1.87‑acre commercial land parcel in Lubbock, TX, zoned Neighborhood Commercial (NC).
    • Prime location on Milwaukee Ave., two minutes from the 800,000 sq ft Canyon West retail center, ensuring high visibility and accessibility.
    • Excellent proximity to Texas Tech University, University Medical Center, and Covenant Health Systems (within eight minutes).
    • Priced at $11.50/sq ft, utilities readily available, and located outside of any floodplain.
    • Ready‑to‑develop site ideal for retail, office, or healthcare uses.
    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
    -101.9559815
    Latitude
    33.5332245

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    FAQs

    What type of property is this?
    Land - 1.87 Acres, High-Visibility Location
    Where is this land located?
    The property is located at 6515 Milwaukee Ave Lubbock, TX.
    What are key features of this property?
    This property features: 1.87-acre commercial land parcel in Lubbock, TX, zoned Neighborhood Commercial (NC).; Prime location on Milwaukee Ave., two minutes from the 800,000 sq ft Canyon West retail center, ensuring high visibility and accessibility.; Excellent proximity to Texas Tech University, University Medical Center, and Covenant Health Systems (within eight minutes).
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    6515 Milwaukee Ave Lubbock, TX 79424
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    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
    6515 Milwaukee Ave Lubbock, TX 79424
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