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Property profile & analytics
OFF-MARKET
Land

6204 4Th St Lubbock, TX 79416

27.42 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 27.42-acre commercial and residential land parcel presents a remarkable investment opportunity in Lubbock, Texas. Located at 6204 4th Street, this property boasts 526 feet of frontage on 4th Street and 830 feet on Milwaukee Avenue, ensuring high visibility and accessibility. Zoned MDR (Medium Density Residential), it's ideally suited for multifamily development. The site benefits from its strategic location near the second most visited United Supermarkets in Lubbock (and third in Texas), according to Placer.Ai, along with other high-traffic retail anchors such as Starbucks and a newly constructed Toot N Totum. Milwaukee Avenue provides excellent north-south connectivity within a rapidly growing area of Lubbock. Furthermore, the property's proximity to the major retail hub at 4th Street and Frankford Avenue (featuring Walmart, First United Bank, and numerous popular restaurants) adds significant value. The intersection of 4th and Milwaukee sees approximately 28,130 vehicles per day. Within two miles lies the West End Shopping Center, home to major retailers like Nike Factory Store, Cabela's, Dave & Buster's, and Best Buy. The asking price is $4,180,453, translating to approximately $3.50 per square foot. The property is adjacent to Shadow Hills Golf Course, offering a unique amenity. The APN is r48273. This property offers a multitude of development possibilities, capitalizing on Lubbock's ongoing growth. The lot size is 1,194,420 square feet. The property can be subdivided upon request and approval.

Property profile
Verified
Property type Land
Lot 27.42 ac (1,194,415 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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