3309 116Th St, Lubbock, TX 79423
This 1.21-acre commercial land parcel is ideally situated in Lubbock, Texas, at 3309 116th Street, just east of Indiana Avenue. Zoned for commercial use, this property presents a prime opportunity for retail, office, or restaurant development. Its location near the intersection of 114th and Indiana ensures high visibility and accessibility within a rapidly growing area. The surrounding area boasts significant recent development, including Laura Bush Middle School, Hatton Place, and The Gates subdivisions, contributing to a thriving community. Major retailers such as Walmart, HEB, Academy, and Chick-fil-A are conveniently located within one mile, along with the new outer Loop 88 (currently under development). Utilities are readily accessible, with water available along the property's south side and sewer located approximately 345 feet to the west. Importantly, recent drainage improvements have removed the property from the floodplain. This exceptional location, combined with excellent visibility and convenient access, makes this south Lubbock property a compelling investment opportunity. The asking price is $500,722.20, with a land value of $9.50 per square foot.
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.