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: 12/6/2018

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.)

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
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

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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

Contact

Photograph of Listing Agent

Julie Childs

RE/MAX Lubbock Commercial
The information presented herein is provided as is, without warranty of any kind. Neither Lubbock Association of REALTORSĀ® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.