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

Located along University Avenue near 50th Street, 5009 University Avenue presents a rare opportunity to acquire a high-visibility commercial site in the heart of Central Lubbock. The property benefits from strong daily traffic counts, established surrounding retail, proximity to Texas Tech University, and convenient access to Loop 289 and major streets. The site includes approximately 37,407 SF of land and an existing 11,668 SF structure currently suited for redevelopment, adaptive reuse, or future repositioning. With land value support exceeding the current asking price, the property offers a compelling opportunity for investors seeking an urban infill redevelopment play, owner-users planning a long-term repositioning strategy, or developers targeting retail, office, medical, educational, or service-oriented uses.

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

Storefront Retail/Office

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.