Redevelopment Opportunity
Vacant Land
for Sale
| Catylist Listing ID: |
30797277 |
| Property Subtypes: |
Industrial, Multi-Family, Retail, Retail-Pad, Self Storage
|
| Gross Land Area: |
43,036 SF
|
| Sale Price: |
$1,300,000 |
| Unit Price: |
$30.21 PSF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/25/2022 |
Overview / Comments
Redevelopment opportunity available in the highly sought after Overton Park. Blocks from Texas Tech University and adjacent to student housing with approximately 330 feet of US 62/82 high way frontage and excellent visibility!
With almost an acre of paved land and the building set to the far west, this property is perfect for other commercial uses of expansion or redevelopment including retail, multi-family, or student housing. Currently zoned Interstate Highway commercial there are countless potential uses.
Current building is a converted industrial property that could be renovated or razed to develop a new concept.
|
Additional Details
| Nearest MSA: |
Lubbock |
| County: |
Lubbock |
| Taxing Authority: |
Lubbock CAD |
| Tax ID/APN: |
R57267 |
| Zoning: |
INTERSTATE HIGHWAY COMMERCIAL (IHC) |
| Property Visibility: |
Excellent |
| Legal Description: |
OVERTON BLK 64 N/PT OF L 1-7 & STRIP NORTH OF 1-7 & IMP LESS ROW
|
| Largest Nearby Street: |
US 62/82 |
| Feet of Frontage: |
330 |
| Lot Frontage: |
330 |
| Lot Depth: |
116 |
| Zoning Description: |
Interstate Highway Commercial |
| Available Utilities: |
Electric, Water, Gas, Sewer, Cable |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
15,798 |
84,246 |
175,009 |
| Median Age: |
24.41 |
29.18 |
31.01 |
| Households: |
4,682 |
30,163 |
66,898 |
|
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