1617 82Nd St Lubbock, TX 79423
- Land
- 3.16 lot acres
Current Use by Public Records
- Land
Property Details for 1617 82Nd St
- Lot size
- 3.16 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 3.162-acre commercial land parcel presents a remarkable investment opportunity in Lubbock, Texas. Situated at 1617 82nd Street, this property boasts over 800 feet of frontage on 82nd Street, offering unparalleled visibility and accessibility. The location is highly desirable, positioned conveniently between University Avenue and Interstate 27, ensuring excellent connectivity and exposure to a substantial daily traffic volume of 13,617 vehicles (per 2022 TX Department of Transportation data). The property is less than 10 minutes from Texas Tech University and within a 15-minute radius of most areas within Lubbock, making it ideal for a wide range of commercial ventures. Zoned for Heavy Commercial use (HC), this versatile land is suitable for various developments, including shopping centers, gas stations (potentially incorporating EV charging stations), retail shops, warehouses, multi-family dwellings (duplexes or apartments), or even single-family homes. The asking price is $1,101,893.76, reflecting a price per foot of $8. The seller is open to considering property division, ground leases, or build-to-suit options, providing flexibility for potential buyers. This prime location, combined with its flexible zoning and the seller's willingness to accommodate various development scenarios, makes this a truly exceptional opportunity for investors seeking a high-impact commercial property in a thriving Texas market. The property is offered fee-simple.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.857
- Latitude
- 33.5198
