503 University Ave Lubbock, TX 79415
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 503 University Ave
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 7.27-acre commercial property is situated at the southeast corner of Kent Avenue and University Avenue in Lubbock, Texas, zip code 79415. The land boasts Interstate Highway Commercial zoning, offering unparalleled flexibility for a variety of development opportunities. A comprehensive master plan has already been designed, envisioning a mixed-use development including retail centers, gas station parcels, office warehouse spaces, motel tracts, and garden office buildings. The property's strategic location just north of the soon-to-be-constructed Expo Arena (projected completion within 36 months) presents a significant advantage, capitalizing on the anticipated increased foot traffic and economic activity generated by major events such as rodeos, stock shows, concerts, and other dirt-related sports. While a majority of the surrounding area is residential, the property's zoning allows for diverse development options, including the potential for barndominiums and an RV park, in addition to the warehouse and commercial spaces outlined in the master plan. This prime location and versatile zoning make this a truly unique investment opportunity in a rapidly growing area of Lubbock. The property's coordinates are 33.6048117 latitude and -101.8713095 longitude. This is a rare chance to acquire a large tract of land with significant development potential in a high-demand location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.871
- Latitude
- 33.6048
