Vacant US 62/82 Highway Land

Vacant Land for Sale
Catylist Listing ID: 29535567
Property Subtypes: Hospitality, Industrial, Office, Retail, Retail-Pad
Gross Land Area: 4.21 Acres
Sale Price: $660,195
Unit Price: $156,815 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/14/2018

Overview / Comments

Vacant land at the southwest quadrant of Marsha Sharp Freeway and Upland Avenue. Recorded traffic counts of 24,860 vehicles per day at lighted intersection. Outdoor advertising sign lease on property. T-Transitional zoning will need to be processed through the City for an Interstate Commercial zone use.

Frontage on two corridors: 214’ frontage on Marsha Sharp Freeway and 555’ frontage on Upland Avenue
Utilities: Water Main in Street - No Sewer Nearby

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R129794, R129844
Zoning: T- ZONE
Market Type: Medium
Property Located Between: Lubbock and Wolfforth
Side of Street: South
Road Type: Paved, Highway, Highway Service Drive
Property Visibility: Excellent
Legal Description: Lubbock Central Apprisal District description. This is not a legal description: BLK AK SEC 31 AB 243 TR 11B BLK AK SEC 31 AB 243 TR 9 (LESS BLDG ONLY)
Largest Nearby Street: Marsha Sharp Freeway
Feet of Frontage: 214
Traffic/Vehicle Count: 24,860
Transportation: Highway, Airport, Taxi
Highway Access: Property fronts US Hwy. 62/82 (Marsha Sharp Freeway) Access to this side is from the east going west highway side. On the Upland Ave. side the property is accessed from single two lane road.
Airports: Preston Smith Lubbock International Airport; Lubbock Foreign Trade Zone 260. For information call Christine Allen 806.723.8227
Lot Frontage: Front feet on US Hwy 62/82 is 214'. Front feet on Upland Ave. is 707'.
Lot Depth: Lot depth on US Hwy 62/82 is 407.5' and can be extended into the Upland Ave. tract and its lot depth varies.
Zoning Description: T- Transitional: will need to be processed through city for an Interstate Commercial zone use.
Development Name: 7315 Marsha Sharp Freeway & 7012 Upland Avenue
In Flood Plain?: Yes
Topography: Level
Soil Type: Sandy
Available Utilities: Electric, Water

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,086 43,557 123,618
Median Age: 38.06 33.84 34.49
Households: 376 18,261 50,503

Contact

Photograph of Listing Agent

Kirk A. Schneider, CCIM

WestMark Commercial West Texas CIE Member
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