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    OFF-MARKET
    Commercial land

    Lubbock, TX 79424

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    Property summary
    AI-generated overview

    Retail tract for sale in Southwest Lubbock. This 3.01-acre tract boats 225' of Spur 327 frontage and the corner of Justice Avenue. This tract is surrounded by new developments including: Tru by Hilton, Residence Inn, Country Inn, My Place, CarMax, Holiday Inn hotels and the 2-story GolfSuites golf and entertainment venue. This land is strategically positioned for high visibility and high traffic near the fastest-growing thoroughfare in Lubbock, Milwaukee Avenue. Milwaukee hosts an abundant variety of national, regional, and prominent local retailers including: 7 Brew Coffee, Sonic, Tea2Go, Picoso's Mexican Kitchen, Dunkin', Freddy's, Braum's, Walgreens, Chik-fil-A, Hotworx, Wendy's McAlister's, La-Z-Boy, Take 5 Car Wash, and Red Wing. The current of zoning Heavy Commercial (HC) provides for a broad range users including single-use and multi-tenant centers that vary in scale for retail, service, or wholesale trade and warehousing users. This land is offered as a package of two parcels and will not be divided. Tract E2 with the Spur 327 Frontage accounts for approximately 1.31 acres, and the parcel situated just south, Tract E3 accounts for approximately 1.70 acres for a total of 3.01 acres. Please contact the listing agent for additional information.

    Property profile
    Verified
    Property type Commercial land
    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
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