6.5 Acres of land in an opportunity zone near downtown Lubbock

Vacant Land for Sale
Catylist Listing ID: 30365337
Property Subtypes: Hospitality, Industrial, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 282,705 SF
Sale Price: $1,500,000
Unit Price: $5.31 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/24/2019

Overview / Comments

Approximately 6.5 acres of land near downtown and across MSF from the new Buddy Holly Performing Arts center. This land is also in a Qualified Opportunity Zone. On the SW portion of the property is a move-in ready 5,305 sqft office building that can be sold with this adjacent land or sold separately. The seller is in the process of removing property from the flood zone.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: LCAD
Tax ID/APN: R134114
Legal Description: FALCON STEEL TR A; FALCON STEEL TR B; FALCON STEEL TR C
Largest Nearby Street: Marsha Sharp Freeway
Feet of Frontage: 894
Rail Access: Yes
In Flood Plain?: Yes
Topography: Level
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,321 75,096 165,432
Median Age: 27.77 28.55 31.19
Households: 4,069 26,207 62,532

Contact

Photograph of Listing Agent

Jeremy Steen

McDougal, REALTORS
West Texas CIE Member
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