6515 Milwaukee Ave Lubbock, TX 79424
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.