Property profile

0 Quaker Ave Lubbock, TX 79415

OFF-MARKET
Land
5.49 ac lot
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Property summary

AI-generated overview

This exceptional 5.49-acre commercial land parcel presents a compelling investment opportunity in a high-growth area of Lubbock, Texas. Strategically located at the intersection of North Quaker Avenue and North Loop 289, this property benefits from exceptional visibility and convenient access to major thoroughfares. Its proximity to significant medical facilities, including Trust Point Rehab Hospital and the soon-to-open Oceans Behavioral Hospital (adding over 100 jobs in early 2024), further enhances its value and potential. Within a short distance, you'll find Lubbock Heart & Surgical Center, UMC Medical Business Center, and CVS, ensuring a robust and established commercial environment. The property's location also offers easy access to Texas Tech University, UMC hospital, and Covenant Hospital, making it attractive for a wide range of commercial ventures. The asking price is $2,869,728, translating to a land value of $12 per square foot. The property's size and location allow for the possibility of subdivision into smaller parcels, providing added flexibility for potential buyers. Detailed information regarding potential subdivision is available upon request. This prime commercial land offers significant potential for development and represents a strong investment in a thriving Texas market. The property is situated in Lubbock County, Texas, with a 79415 zip code.

Property profile

Verified
Property type Land
Lot 5.49 ac (239,144 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Quaker Ave Lubbock, TX 79415
Lubbock metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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