12401 Indiana Ave Lubbock, TX 79423-5759

Property Details for 12401 Indiana Ave

Lot size

0.81 lot acres

Property type

Commercial real estate

APN

R301570

APU

R301570

Description

This exceptional 35,141 square foot commercial land parcel in Lubbock, Texas, presents a remarkable investment opportunity. Located at 12401 Indiana Ave, Lubbock County, TX 79423, this property boasts prime frontage on South Indiana Avenue, offering excellent visibility and accessibility. Zoned for Heavy Commercial (HC) use, the possibilities are extensive, including auto service centers, medical facilities, breweries, banks, restaurants, and manufacturing plants. An attached site plan illustrates potential layouts, but numerous development options exist. The property benefits from multiple access points, ensuring convenient ingress and egress for customers and employees. Its strategic location is surrounded by new retail and shopping centers, and it enjoys close proximity to the new Loop 88, enhancing its appeal and accessibility. Utilities are already on-site, and pro rata payments are current. The property's value is further amplified by the presence of occupied warehouses with multi-year leases behind the lot, and plans for new commercial development on the adjacent northern tract. The asking price is $705,000, translating to $20 per square foot. This is a rare opportunity to acquire a well-situated, versatile commercial land parcel in a thriving area of Lubbock. Don't miss this chance to capitalize on the potential of this prime location.