North Quaker Avenue Development Land
Vacant Land
for Sale
| Catylist Listing ID: |
30273015 |
| Property Subtypes: |
Multi-Family, Office, Retail, Retail-Pad, Self Storage
|
| Gross Land Area: |
2.30 Acres
|
| Sale Price: |
$1,102,068 |
| Unit Price: |
$479,160 Per Acre |
| Land Splits Available: |
Yes |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/24/2020 |
Overview / Comments
|
This property is comprised of four lots (1823-1829) located on North Quaker Avenue. This is a developing area with a focus on student housing and medical care. The proximity to Texas Tech University, Wayland Baptist University, Trustpoint Hospital, and other medical facilities provide an influx of traffic. This would be an ideal location for an office complex or retail strip center. The property is easily accessed from north Loop 289 and Clovis Highway (US Highway 84.)
|
Additional Details
| Nearest MSA: |
Lubbock |
| County: |
Lubbock |
| Tax ID/APN: |
R75190 |
| Zoning: |
R-1 |
| Property Located Between: |
North Loop 289 and Clovis Highway |
| Property Visibility: |
Excellent |
| Legal Description: |
1823 N Quaker - BLK JS SEC 5 AB 346 N85'TR 11 STACY ACS: .5073
1825 N Quaker - BLK JS SEC 5 AB 346 TR 10 STACY ACS: .5969
1827 N Quaker - BLK JS SEC 5 AB 346 TR 9 STACY ACS: .5969
1829 N Quaker - BLK JS SEC 5 AB 346 TR 8 STACY ACS: .5969 |
| Largest Nearby Street: |
North Quaker Avenue |
| Feet of Frontage: |
382 |
| Highway Access: |
North Loop 289 and Clovis Highway (US Highway 84) - both are approximately one half mile from the property. |
| Airports: |
Lubbock International Airport |
| Site Description: |
This is a 2.3 acre property with development potential. The area is growing with an emphasis on student housing and medical facilities. Retail and restaurant development continues to increase along North Loop 289 and Slide Road. This parcel would be ideal for a small strip center, office complex or a stand alone retail building. |
| Area Description: |
The area is developing with an emphasis on medical office/hospital and
student housing. Older developments include single-family housing and the
Lubbock campus of Wayland Baptist University. |
| Lot Frontage: |
382 |
| Lot Depth: |
276 |
| Zoning Description: |
R-1. |
| Topography: |
Level |
| Available Utilities: |
Electric, Water, Gas, Sewer, Storm Drain, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,197 |
52,555 |
129,765 |
| Median Age: |
23.94 |
27.36 |
29.08 |
| Households: |
1,576 |
18,490 |
48,591 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Lubbock Association of REALTORS® nor
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