6.99 Acres on Marsha Sharp Freeway

Vacant Land for Sale
Catylist Listing ID: 30771918
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 304,572 SF
Sale Price: $3,975,000
Unit Price: $13.05 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/4/2021

Overview / Comments

This is an opportunity to purchase approximately 6.99 acres of land for commercial development on Marsha Sharp Freeway in Lubbock, TX. The site has access to utilities and has one curb cut on 66th Street. The site is zoned "transitional" and it is not located in the flood plain.

The property is positioned on the southeast corner of Marsha Sharp Freeway and 66th Street, which was recently expanded to three lanes. Marsha Sharp Freeway sees over 26,000 vehicles per day, while 66th Street sees over 6,000 vehicles per day. There is excellent access from the site to Marsha Sharp Freeway and Spur 327.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R38608
Zoning: TRANSITIONAL
Property Visibility: Excellent
Legal Description: BLK AK SEC 30 AB 1421 TR A2 & BAL OF TR A PAPALOTE EST AC:6.992
Largest Nearby Street: Marsha Sharp Freeway
Feet of Frontage: 252
Traffic/Vehicle Count: 26,000
Highway Access: The site can be accessed from Marsha Sharp Freeway using the Upland Ave exit. There is excellent access from the site onto either Marsha Sharp Freeway or Spur 327.
Lot Depth: 379 feet from 66th St
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,086 50,105 140,242
Median Age: 38.06 33.94 34.26
Households: 376 20,743 57,032

Contact

Photograph of Listing Agent

Landon Cole

RE/MAX Lubbock Commercial West Texas CIE Member
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