4301 Marsha Sharp Fwy

Retail-Commercial for Sale
Catylist Listing ID: 30783875
Property Subtypes: Retail-Pad
Building Status: Proposed
Building Size (RSF): 5,873 SF
Gross Building Area: See Agent
Sale Price: $1,060,000
Unit Price: $180.49 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/26/2022

Overview / Comments

Coldwell Banker Commercial, Capital Advisors is pleased to offer for sale a redevelopment opportunity site along the highly trafficked Marsha Sharp Freeway (32,000+ VPD). The property is located within the medical district and is surrounded by medical, office, and retail commercial providing the site with ample opportunities for owner/user or investment use. The property is zoned as Interstate Highway Commercial (IHC) which provides for quality commercial office, retail and wholesale uses. Possible uses are medical, office, restaurant, or a hotel.

Lubbock has a metropolitan population of 300,000+ residents. It is home to Texas Tech University, Texas Tech Health Sciences Center, Lubbock Christian University, South Plains College, Covenant Medical Center, and University Medical Center. Leprino Foods recently announced to build a new $870,000 million mozzarella cheese manufacturing plant becoming Lubbock's largest single capital investment in history.

Lubbock, TX has been nicknamed the "Hub City" due to the central highway access to all parts of the West Texas and Panhandle region. Lubbock is home to major economic drivers such as Texas Tech University, Lubbock Christian University, South Plains College, Texas Tech Health Sciences Center, University Medical Center (UMC), Covenant Hospital, and agriculture. Lubbock has a metropolitan population of 318,679 with projected 7% growth through 2022 and a regional population of 600,000+.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R48738
Tenancy: Single Tenant
Zoning Description: (IHC) Interstate Highway Commercial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,979 127,799 206,702
Median Age: 32.21 29.7 31.91
Households: 4,270 49,968 80,403

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