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5802 114th st - NWC of 114th and Frankford
8.98 Acres of Commercial Land Offered at $5,279,607 in Lubbock, TX 79424
Investment Highlights
- Strategically placed corner Property located on the "going home" side of a signalized corner
- Priced significantly below comparables
- Buyer can slice and dice the Property as needed
Executive Summary
Minimum 1 acre purchase
Frontage
666 feet on Frankford
585 feet on 114th St.
Pricing
Pricing depends on how much you purchase and what portion
Whole tract: $13.50 /foot
Build to suit or ground lease options
Property Facts
1 Lot Available
Lot
| Price | $5,279,607 | Lot Size | 8.98 AC |
| Price Per AC | $587,930 |
| Price | $5,279,607 |
| Price Per AC | $587,930 |
| Lot Size | 8.98 AC |
Description
8.978 acres on the signalized corner of 114th and Frankford Located right on the signalized corner of 114th and Frankford, this property is surrounded by well-established single-family houses and tons of development – including new multi-family, shopping centers, offices, and shops. This property is located on the “going home” side of the street and is just two-miles from the Milwaukee Corridor, 15-minutes from Texas Tech University, and 15-minutes from Lubbock’s medical district including UMC and Covenant. This Property is right in the action and is surrounded by newer-construction SFRs. For development, all utilities are present. Zoning: Auto-Urban Commercial (AC)
PROPERTY TAXES
| Parcel Number | R308390 | Improvements Assessment | $0 |
| Land Assessment | $782,162 | Total Assessment | $782,162 |
PROPERTY TAXES
zoning
| Zoning Code | AC (Auto-Urban Commercial (AC)) |
| AC (Auto-Urban Commercial (AC)) |
Presented by
5802 114th st - NWC of 114th and Frankford
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