DEVELOPMENT LAND PARCELS NORTH UNIVERSITY AND KENT

Vacant Land for Sale
Catylist Listing ID: 30317786
Property Subtypes: Agricultural, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 30 Acres
Sale Price: See Agent
In Opportunity Zone? Yes
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/25/2021

Overview / Comments

This 497 Acs. is available in parcels beginning at 1 ac TRACTS. This land could see a variety of uses from Storage and Warehousing on the East Boundary to Residential Development with Stables. THERE IS 80 AC AT THE SE CORNER OF KENT AVE AND UNIVERSITY THAT IS ZONED INTERSTATE HIGHWAY COMMERCIAL. THE NEW OWNER IS PREPARING A MASTER PLAN FOR THE ENTIRE ACREAGE WITH THE 80 AC BEING DESIGNED FOR RETAIL CENTER, GAS STATION PARCELS, OFFICE WAREHOUSE USES, MOTEL TRACTS AND GARDEN OFFICE. AND THE BALANCE OF THE PROPERTY BEING RESIDENTIAL, POSSIBLE BARNDOMINIUMS AND POSSIBLE RV PARK AND WAREHOUSE DEVELOPMENT.

Located just North of the NEW Expo Arena for events such as Rodeos, Stock Shows, Concerts and other Dirt related sports TO BE CONSTRUCTED WITHIN THE NEXT 24 MONTHS!!!!

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Submarket Type: Other
Taxing Authority: Lubbock Central Appraisal District
Tax ID/APN: R66554
Zoning: R-1 AND IDP
Property Located Between: University Ave and Interstate 27
Property Visibility: Excellent
Legal Description: VARIES
Largest Nearby Street: University Ave
Feet of Frontage: 6,600
Highway Access: UNIVERSITY AVE, KENT STREET AND DRAKE AVE.
Rail Access: Yes
Airports: Preston Smith International
Area Description: Located on the North Side of Lubbock, TX the 7th Largest City in Texas, this parcel is only 5 minutes from Texas Tech University and 7 Minutes from University Medical Center. The 3 Billion Dollar Retail Market makes the sustainability of the City tremendous.
Zoning Description: R-1 and Industrial Park
Topography: Level
Soil Type: Loam
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal, Well
Sewer Type: Municipal, Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 974 23,160 95,546
Median Age: 40.6 30.48 28.67
Households: 282 8,829 34,936

Contact

Photograph of Listing Agent

Jack M. Chapman SIOR CCIM

Westar Commercial Realty West Texas CIE Member
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