9420 19th St. 1.13 acres

Vacant Land for Sale
Catylist Listing ID: 1836128
Property Subtypes: Office, Retail, Retail-Pad, General
Gross Land Area: 1.13 Acres
Sale Price: $246,115
Unit Price: $217,800 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2018

Overview / Comments

Zoning use is C-4, Commercial District and will need to be platted for construction. Section line intersection to Reese Center with tenants, Lubbock Police Academy, Texas Tech, South Plains College. State Highway 114 frontage leads to Levelland and South Plains College. 19th St.& Research Blvd. Traffic count = 26,844 vpd. Reduced $103,885. Priced at $5.00/sf!
Proposed Use: Retail, Office, Mixed Use, Hospitality, Auto Dealership, Auto Repair, Bank, Car Wash, Convenience Store, Day Care Center, Drug Store, Fast Food, General Freestanding, Health Care, Medical, Hotel, Motel, Neighborhood Center, Religious Facility, Restaurant, Service Station, Storefront Retail/Office, Strip Center, Hold for Development, Hold for Investment.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $170.09 (Annual)

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: LCAD
Zoning: NOW C-4 COMMERCIAL USE DISTRICT!
Market Type: Medium
Property Located Between: Research Blvd. & FM 179
Side of Street: North
Road Type: Paved, Highway
Property Visibility: Excellent
Legal Description: Block D6 Section 3 Abstract 254 Tract A
Largest Nearby Street: 19th St. (State Hwy 114)
Feet of Frontage: 150
Traffic/Vehicle Count: 26,844
Transportation: Highway, Airport, Taxi
Highway Access: Property fronts State Hwy. 114. In Lubbock, US Highways 62/82 , 84, 87 and I-27 intersect.
Airports: Preston Smith Lubbock International Airport; Lubbock Foreign Trade Zone 260. For information call 806-775-2048
Site Description: Site is rectangular in shape. The SW corner is cut diagonally to allow for future intersection. There are a number of trees on the property.
Area Description: Research Blvd. is the first city street from the west into the Lubbock City Limits. Reese Technology Center is located less than a mile to the north. More than 200,000 potential employees live within a 50-mile radius of the Center. Reese Technology Center has a strong partnership with Texas Tech University and South Plains College, which aids in hiring a trained workforce for companies at Reese. South Plains College, with 3,200 students, is located on Reese Campus. Texas Tech University has three research institutions on campus including; The Institute of Environmental and Human Health, Advanced Vehicle Engineering and Wind Engineering.
Lot Frontage: 150
Lot Depth: 275
Topography: Level
Soil Type: Sandy

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,931 38,036
Median Age: 32.74 30.98
Households: 2,715 14,952

Contact

Photograph of Listing Agent

Kirk A. Schneider, CCIM

WestMark Commercial West Texas CIE Member
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