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    FOR SALE
    Commercial real estate

    5620 Englewood Ave, Lubbock, TX 79424

    60,984 SF 1.4 ac lot
    Property ID
    US82-2982178
    5620 Englewood Ave, Lubbock, TX 79424 For Sale
    $354,000 60,984 SF
    5620 Englewood Ave, Lubbock, TX 79424
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    Property summary
    AI-generated overview

    This exceptional 1.4-acre commercial lot, located at 5620 Englewood Ave in Lubbock, Texas, presents a prime development opportunity. Zoned LI (Light Industrial), this property offers 60,984 square feet of buildable land at a price of $8.58 per square foot. The asking price for the entire lot is $523,000. Situated just off West Loop 289 with convenient access to Frankford Avenue, this location boasts high visibility and excellent connectivity. The surrounding area features a mix of hotels, car dealerships, and apartment complexes, ensuring a vibrant and established commercial environment. The property benefits from its proximity to Loop 289 and Marsha Sharp Freeway, providing easy access to all parts of Lubbock. Utilities are already on-site, and the land itself offers level topography, simplifying development and minimizing site preparation costs. This ready-to-develop parcel is ideal for a variety of commercial ventures, making it an attractive investment opportunity in a thriving Texas market. The property's zip code is 79424, and it is located in Lubbock County.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 60,984 SF
    Lot 1.4 ac (60,984 SF)
    UPID US82-2982178
    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
    Allowed · conditional · prohibited
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