289 And Memphis Ave Lubbock, TX 79415
- Land
- 6.04 lot acres
Current Use by Public Records
- Land
Property Details for 289 And Memphis Ave
- Lot size
- 6.04 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 6.04-acre commercial and industrial land parcel presents a compelling investment opportunity in Lubbock, Texas. Located at the prominent intersection of North Loop 289 and Memphis Avenue, this property boasts unparalleled visibility and high traffic counts, making it ideal for a variety of uses. The C-3 zoning allows for diverse development options, including distribution centers, industrial facilities, mini-storage units, and even multi-family residential projects. The asking price is $1,118,000, translating to $185,099 per acre, reflecting the strategic location and development potential. The property's Loop 289 frontage ensures significant exposure to a large daily traffic volume. The owner is open to dividing the land, offering flexibility for potential buyers with varying needs and project scales. This is a rare opportunity to acquire a highly visible and versatile tract of land in a rapidly growing area of Lubbock, offering substantial returns on investment. The property's location in Lubbock County, Texas, with a zip code of 79415, provides easy access to major transportation routes and established infrastructure. This prime location, combined with the flexible zoning and potential for subdivision, makes this an exceptional investment opportunity not to be missed.
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
- -101.912
- Latitude
- 33.6864
