Lubbock, TX 79424
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.
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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Risks
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