5009 University Ave - Medical FOR SALE


Lubbock, TX 79413- Bayless Atkins
$499,000 USD
806-239-0804
5009 University Ave, Lubbock, TX for Sale
$499,000 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

5009 University Ave
Lubbock, TX 79413
Bayless Atkins


HIGHLIGHTS

  • High Traffic Count
  • High Visibility

OVERVIEW

The Powell Group is pleased to offer for Sale, 5009 University Ave, located centrally off the corner of 50th St and University, in a high traffic, well established Lubbock location. Now offered at $499,000, this property presents an exceptional opportunity to acquire land well below its appraised value of $950,000. Strategically positioned at the intersection of 50th Street and University Avenue, two of Lubbock’s major corridors, the site offers high visibility and excellent access to traffic, nearby retail, and commercial activity. With the flexibility to develop offices, retail, or other commercial projects, this property provides investors and developers a rare chance to capitalize on a prime location at a below-market price.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Commercial Lot with Building Opportunity

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

NC

APN/PARCEL ID

R125525

ASK ABOUT THIS PROPERTY

David PowellKW LubbockMore Info
806-239-0804

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David PowellKW LubbockMore Info
806-239-0804

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.