1101 Memphis Ave Lubbock, TX 79415

Property Details for 1101 Memphis Ave

Lot size

15.81 lot acres

Property type

Commercial real estate

APN

R81654

Description

This exceptional 15.81-acre commercial land parcel presents a unique investment opportunity in Lubbock, Texas. Located at 1101 N Memphis Ave, within the rapidly growing North Loop & Quaker Avenue area, this property boasts a highly desirable HC (Heavy Commercial) zoning designation (formerly C4). Its strategic location offers unparalleled access to a thriving community, situated near a 220-unit independent living center and a 288-unit student housing complex. Furthermore, it's less than two miles from major medical facilities including Covenant Health Systems hospital, University Medical Center, and the NorthStar Medical & Office Park. The property's proximity to Texas Tech University (over 40,000 students), Wayland Baptist University's satellite campus, and a 744-bed student housing complex ensures a consistent flow of potential customers and residents. This location within a Qualified Opportunity Zone (QOF) provides substantial tax benefits for investors. The property is not located in a floodplain, offering peace of mind and reduced risk. Lubbock, the 11th largest city in Texas, offers a robust economy encompassing manufacturing, agriculture, wholesale and retail trades, as well as government, education, and healthcare sectors. With a regional population of 639,921, Lubbock's affordable living and utility costs make it an attractive location for businesses. The presence of multiple universities, including Texas Tech University, its Health Sciences Center, and Lubbock Christian University, contributes to a dynamic and growing market. This property represents a rare chance to capitalize on Lubbock's continued expansion and the significant advantages of a QOF designation. APN: R81654. The land is priced at $4.95 per square foot.

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Longitude

-101.89859842992

Latitude

33.611600998744