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Property profile & analytics
OFF-MARKET
Land

0 Loop 289 Lubbock, TX 79415

15.64 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 15.64-acre commercial land parcel sits at the highly visible corner of North Loop 289 and Quaker Avenue in Lubbock, Texas. Boasting over 1,100 feet of frontage on Loop 289, this property enjoys over 25,000 daily vehicle counts, ensuring maximum exposure. Zoned AC (Auto Urban Commercial), formerly C3, it's ideally suited for a variety of uses including retail, multi-family, office, or restaurant development. The land is not located in a floodplain and offers significant advantages for Qualified Opportunity Zone (QOZ) investors seeking substantial tax benefits. Its strategic location provides easy access to major thoroughfares and is within five minutes of prominent institutions such as Texas Tech University (over 40,000 students), University Medical Center, Covenant Health Systems, and the NorthStar Medical Office Park. Lubbock's robust economy, encompassing manufacturing, agriculture, wholesale and retail, government, education, and healthcare, makes this a compelling investment opportunity. The property's size allows for development as a whole or subdivision, catering to diverse project scales. The APN is R94885. The land is priced at $8 per square foot.

Property profile
Verified
Property type Land
Lot 15.64 ac (681,366 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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