SWC Loop 289 & Memphis Avenue

Vacant Land for Sale
Catylist Listing ID: 30541729
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Self Storage, Other
Gross Land Area: 15 Acres
Sale Price: $3.95 PSF
Total Price: $2,580,930
In Opportunity Zone? Yes
Sale Terms: Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 9/18/2020

Overview / Comments

LOCATION
Property is located along the frontage road of N Loop 289 just east of Quaker Avenue.

DESCRIPTION
15.81 acres of land located in the heart of the rapidly developing North Loop area of Lubbock, TX. The immediate surroundings of the land are teeming with commercial and residential activity. Adjacent to the property to the east is a newly constructed 220-unit independent living center and a 288-unit student housing complex. Additionally, this property is less than one mile from University Medical Center (Texas Tech’s teaching hospital), Texas Tech’s Campus (over 30,000 enrolled students), the Lubbock Heart Hospital, Wayland Baptist University (satelite campus), and a 744-bed student housing complex. This tract may be purchased as a whole or subdivided and is suitable for retail development, multifamily, student housing, office development, or restaurant use.

Property is located within a qualified opportunity zone.

Property is not in the floodplain.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R81654
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,350 70,301 144,053
Median Age: 30.02 28.36 29.64
Households: 4,458 25,313 54,691

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