SWQ 50th Street & Milwaukee Avenue

Vacant Land for Sale
Catylist Listing ID: 30412160
Property Subtypes: Multi-Family
Gross Land Area: 16 Acres
Sale Price: $3.75 PSF
Total Price: $2,613,600
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/7/2019

Overview / Comments

LOCATION
Located in the southwest quadrant of 50th Street & Milwaukee Avenue.

DESCRIPTION
A large multifamily development tract is available adjacent to one of Lubbock’s newest residential developments. This tract is strategically positioned in the Milwaukee Corridor between the future Westmont Subdivision and the Canyon West Shopping Center. The Canyon West Shopping Center is an 800,000+ square foot mixed-use retail center. 50th Street is currently being connected to Milwaukee Avenue, Texas Tech University, University Medical Center, & Covenant Health Systems will only be an 8-minute drive away.

Property is not in the 100-year floodplain.

OPTIONS
16 Acres - Zoned A-2 (Multifamily) - $3.75 per Square Foot

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R331139

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,524 79,210 170,136
Median Age: 26.87 33.36 33.26
Households: 577 33,050 67,656

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