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Commercial Lot with Building Opportunity 5009 University Ave 11,668 SF 100% Leased Office Building Lubbock, TX 79413 $499,000 ($42.77/SF)
Investment Highlights
- High Traffic Count
- High Visibility
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
11,668 SF
Building Class
C
Year Built/Renovated
1959/1980
Price
$499,000
Price Per SF
$42.77
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,668 SF
Building FAR
0.31
Lot Size
0.86 AC
Zoning
NC - Neighborhood Commercial
Parking
23 Spaces (1.97 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | R125525 | Improvements Assessment | $291,529 |
| Land Assessment | $149,628 | Total Assessment | $441,157 |
Property Taxes
Parcel Number
R125525
Land Assessment
$149,628
Improvements Assessment
$291,529
Total Assessment
$441,157
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Commercial Lot with Building Opportunity | 5009 University Ave
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