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    5803 Marsha Sharp Fwy Lubbock, TX 79407

    Sponsored
    For Sale
    $2,613,600

    Prime Lubbock location, high traffic count, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 4-acre industrial land parcel presents a unique investment opportunity in Lubbock, Texas. Strategically situated at the intersection of Marsha Sharp Freeway and Loop 289, this property boasts unparalleled visibility and accessibility. The site is zoned IHC and offers build-to-suite and development options, catering to a variety of industrial uses. With a total asking price of $2,613,600, the land is priced at $15 per square foot. The property's super-regional location benefits from exceptionally high traffic volume, recording 113,860 vehicles per day in 2019 – the highest traffic count in Lubbock. Its proximity to major retail centers, including the West End and Canyon West Retail Centers, and approximately 1200 hotel rooms within a one-mile radius, further enhances its desirability. Utilities including water and sewer are readily available. The site offers easy ground-level access from all directions, making it ideal for businesses seeking maximum brand visibility and convenient operations. Divisible options are also available, with potential parcels of 1.5 acres ($20/SF), 0.9 acres ($17/SF), and 1.6 acres ($17/SF). This property represents a rare chance to acquire a highly visible and strategically located industrial land parcel in a thriving Texas market. The address is 5803 Marsha Sharp Fwy W, Lubbock, TX 79407.

    Property Features for 5803 Marsha Sharp Fwy

    General Information

    Property type
    Land
    Lot Size
    174,240 SF

    HighLights

    • Divisible into multiple parcels.
    • Parcel A: 1.5‑acre site, $20/SF.
    • Parcel B: 0.9‑acre site, $17/SF.
    • Parcel C: 1.6‑acre site, $17/SF.
    • Build‑to‑suit and development opportunities available.
    • High‑traffic location: 113,860 vehicles per day (VPD) in 2019 – Lubbock's highest traffic count.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply 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
    -101.940778
    Latitude
    33.5514378

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    FAQs

    What type of property is this?
    Land - Prime Lubbock location, high traffic count, development ready.
    Where is this land located?
    The property is located at 5803 Marsha Sharp Fwy Lubbock, TX.
    What is the asking price?
    The asking price for this property is $2,613,600.
    What are key features of this property?
    This property features: Divisible into multiple parcels.; Parcel A: 1.5-acre site, $20/SF.; Parcel B: 0.9-acre site, $17/SF.
    Request Owner's contact information
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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
    5803 Marsha Sharp Fwy Lubbock, TX 79407
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