MILWAUKEE AVE SEALED BID AUCTION JULY 17, 2019

Vacant Land for Sale
Auction
Catylist Listing ID: 30395426
Property Subtypes: Office, Retail, Retail-Pad
Gross Land Area: 2.01 Acres
Sale Price: See Agent
Sale Terms: Undisclosed, Cash to Seller, Other
Up For Auction: Yes
Auction Type: Disclosed Reserve
Auction License Number: n/a
Cap Rate: Undisclosed
Last Updated: 8/15/2019

Overview / Comments

This prime 2.01 Ac of land is located along the hottest developing Retail Area in Lubbock. The property is owned by the Lubbock County Hospital District and is being offered as a SEALED BID Auction Property with the Deadline to prepare offers exceeding the RESERVE AMOUNT OF 1.45 Million must be submitted NO LATER THAN JULY 17TH AT THE OFFICES OF THE LISTING AGENT. BIDS WILL BE OPENED JULY 18TH , 2019 AT 2:pm . FURTHER INFORMATION CAN BE OBTAINED IN THE INVITATION TO BID (ATTACHED)
THIS PROPERTY WILL BE DELIVERED TO PURCHASER , PLATTED AND ZONED AND ALL PRO-RATA COST PAID.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: LCAD
Tax ID/APN: R61886
Zoning: C-2 RETAIL
Property Located Between: MARSHA SHARP FREEWAY AND 82ND STREET AT 76TH AND MILWAUKEE
Property Visibility: Excellent
Legal Description: TRACT E ORCHID PARK
Largest Nearby Street: MILWAUKEE AVE
Feet of Frontage: 310
Airports: Preston Smith International
Site Description: LEVEL - READY FOR DESIGN- BUILD - SEWER LINE IN EASEMENT THROUGH PROPERTY COULD BE MOVED IF NEEDED BY BUYER. PLATTED AND ZONED AND READY TO BUILD UPON, PRICED BELOW SIMILAR TRACTS.
Area Description: HOTTEST RETAIL AREA IN LUBBOCK, TX. THIS ONE MILE STRETCH HAS DEVELOPED QUICKER THAN ANY OTHER AREA IN LUBBOCK, TX. THIS IS ONE OF THE FEW PARCELS AVAILABLE IN THE MILWAUKEE CORRIDOR.
Lot Frontage: 310
Lot Depth: 289
Zoning Description: C2 - LOCAL RETAIL/ RESTAURANT, OFFICE,
Topography: Level
Easements: Utilities
Easements Description: UTILITY EASEMENT THROUGH PROPERTY CAN BE REROUTED IF NEEDED BY BUYER.
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,099 59,217 154,834
Median Age: 33.88 34.95 33.51
Households: 3,835 24,953 60,939

Contact

Photograph of Listing Agent

Jack M. Chapman SIOR CCIM

Westar Commercial Realty West Texas CIE Member
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