53rd St And Chicago Ave Lubbock, TX 79414
This exceptional 1.67-acre commercial land parcel presents a unique investment opportunity in Lubbock, Texas. Strategically located just inside Loop 289 at the intersection of 53rd Street and Chicago Avenue, this property boasts an OF (Office) zoning designation, making it ideal for a variety of commercial developments. The asking price is $375,000. Utilities are readily accessible, with water and sewer services available along the southern boundary. The site's convenient location offers excellent visibility and accessibility, providing significant advantages for businesses seeking a prominent presence in a thriving area. While a portion of the property falls within Flood Zone X, this should be considered during the planning and development phases. Detailed flood zone information is available upon request. This property's size and zoning make it suitable for a range of office-related projects, offering significant potential for future growth and return on investment. The address is 53rd Street and Chicago Avenue, Lubbock, TX 79414, within Lubbock County. Serious inquiries are encouraged to explore this compelling opportunity further. The property is situated at latitude 33.5462751 and longitude -101.9310817.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.