5802 114Th St Lubbock, TX 79424

Property Details for 5802 114Th St

Lot size

8.98 lot acres

Property type

Land

Description

This exceptional 8.978-acre commercial land tract presents a remarkable investment opportunity in Lubbock, Texas. Situated on the highly visible, signalized corner of 114th Street and Frankford Avenue, this property boasts 666 feet of frontage on Frankford and 585 feet on 114th Street, offering unparalleled exposure. The land is zoned AC (Auto-Urban Commercial), previously C-3, and is ready for immediate development. All utilities are readily available. The location is strategically advantageous, just two miles from the Milwaukee Corridor, and within a 15-minute radius of Texas Tech University and Lubbock's medical district, encompassing UMC and Covenant. Surrounded by thriving residential areas, including newly constructed single-family homes, and a mix of commercial developments such as shopping centers, offices, and shops, this property benefits from a strong existing infrastructure and high growth potential. The asking price is $5,279,607, translating to a highly competitive $13.50 per square foot. Build-to-suit or ground lease options are available, providing flexibility for various development scenarios. This fee-simple ownership opportunity offers significant long-term value and is the cheapest per square foot price at this intersection. Don't miss this chance to acquire a premier commercial land parcel in a rapidly expanding area of Lubbock.