5620 Englewood Ave, Lubbock, TX 79424
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.