Build-to-Suit or Ground Lease next to Covenant and TTU

Vacant Land for Sale
Catylist Listing ID: 30793242
Property Subtypes: Hospitality, Office, Retail, Retail-Pad
Gross Land Area: 22,308 - 44,794 SF
Sale Price: See Agent
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 5/25/2022

Overview / Comments

Over and acre commercial lot adjacent to Covenant Hospital, the medical district and Texas Tech University. All options are available on this land including purchase, ground lease, or build-to-suit.

Tracts can be combined or separated.

This property is easily accessible with19th St frontage and only steps away from Covenant Hospital, Marsha Sharp Fwy, and Texas Tech University. All improvements were recently razed, leaving raw land and utilities including electricity, sewer, gas, and water.

Due to the proximity to major hospitals, medical district and Texas Tech, this location is ideal for service industries including restaurant, coffee, tea store, medical use or even retail.

Contact listing agent for more information.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: Lubbock CAD
Tax ID/APN: R123708 and R123751
Zoning: INTERSTATE HIGHWAY COMMERCIAL
Property Located Between: 19th St & Marsha Sharp
Property Visibility: Excellent
Legal Description: CHARLES N PT OF L 3 CHARLES S171.6'OF L 3
Largest Nearby Street: 19th Street
Feet of Frontage: 131
Highway Access: Marsha Sharp Fwy
Airports: Lubbock Preston Smith International Airport
Site Description: razed land
Lot Frontage: 131
Lot Depth: 462
Zoning Description: Interstate Highway Commercial
Part of Planned Development?: Yes
Development Name: Charles Addition
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,924 126,566 207,698
Median Age: 32.47 29.38 31.91
Households: 4,365 49,174 80,718

Contact

Photograph of Listing Agent

Ethan Quisenberry

McDougal, REALTORS West Texas CIE Member
Photograph of Listing Agent

Jeremy Steen

McDougal, REALTORS West Texas CIE Member
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