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

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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

Contact

Photograph of Listing Agent

Jeremy Steen

McDougal, REALTORS
West Texas CIE Member
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