Property summary
This exceptional 1-acre commercial land parcel, located at the corner of 66th Street and Oakridge Avenue in Lubbock, Texas (79424), presents a compelling investment opportunity. Zoned Neighborhood Commercial (NC), this property is ideally situated in a thriving Lubbock market, within the Milwaukee Corridor, offering high visibility and convenient access to key amenities. Its strategic location provides proximity to the newly constructed 800,000 square foot Canyon West retail center, just a two-minute drive away. Furthermore, its close proximity to Texas Tech University, University Medical Center, and Covenant Health Systems (within an eight-minute radius) makes it exceptionally well-suited for a variety of commercial ventures, including retail, office, or healthcare-related developments. The land is priced at $435,600, representing a land value of $10 per square foot. Essential utilities are readily available, making this a development-ready site. Importantly, this property is not located within a floodplain, mitigating potential development risks. This prime location and development-ready status make this a truly exceptional opportunity for discerning investors and developers seeking a high-impact commercial project in a rapidly growing area of Lubbock.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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