5609 50Th St Lubbock, TX 79414
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 5609 50Th St
- Property type
- Commercial real estate
- APN
- R351373
Description
This exceptional 14,835 square foot commercial land parcel, located within the prestigious Dominion Office Park in Lubbock, Texas, presents a unique investment opportunity. Designated by APN R351373 and zoned G-O, this lot is ideally suited for development. The asking price is $237,355, translating to a land value of $16 to $18 per square foot. The property is part of a planned development featuring garden office spaces, with a maximum buildable area of 4,400 square feet per unit. Currently, one of the six planned garden office lots is already sold and occupied, indicating strong market demand within this established office park. The address is 5609 50th St, Lubbock, TX 79414, in Lubbock County. This lot offers a compelling opportunity for investors seeking to capitalize on the growing commercial real estate market in Lubbock. The property is owned by TX5600 LLC. This is a remarkable chance to acquire a well-situated, ready-to-develop commercial lot in a thriving Texas community. The existing infrastructure and established office park setting provide a significant advantage for potential development projects. The lot's size and zoning provide flexibility for a variety of commercial uses.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.9343153
- Latitude
- 33.5481839
