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6050 50th St
Lubbock, TX 79407

M1 Zone Adjoining Major Retail · Land For Sale · 3.02 AC

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Investment Highlights

Anchored by Canyon West Shopping Center containing over 20 national tenants
Ready for development with utilities to site

Great access to major roadways providing transit around Lubbock and the surrounding communities

PROPERTY FACTS

Sale Type	Investment	Property Subtype	Commercial
No. Lots	1	Proposed Use	Commercial Apartment Units - Condo Apartment Units - Senior Warehouse
Property Type	Land	Total Lot Size	3.02 AC

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Apartment Units - Condo Apartment Units - Senior Warehouse
Total Lot Size	3.02 AC

1 Lot Available

Lot

Price	$675,000	Lot Size	3.02 AC
Price Per AC	$223,509.93

Price	$675,000
Price Per AC	$223,509.93
Lot Size	3.02 AC

3 Acres located directly behind Canyon West Shopping Center with national retail tenants, zoned M-1 it would serve as a great location for potential multi-family development.

Description

3.02 Acres ready for immediate development! Located on 50th Street one block East of Milwaukee Ave., the main throughway through southwest Lubbock with a heavy supply of retail centers and notable restaurants. Milwaukee Avenue carries over 50,000 vehicles per day. This location sits directly behind the Canyon West Shopping Center Complex which boasts national retail tenants including Target, Office Depot, Sam’s Club, Burlington, Ross, and Conn’s. Furthermore, this area is experiencing the heaviest demand in growth for both commercial and residential sectors. Within a mile is access to Marsha Sharp Fwy providing transit to West Loop 289 giving access to all notable locations in Lubbock including Texas Tech University, UMC, Covenant Medical Center, West End Shopping Center and South Plains Mall.

PROPERTY TAXES

Parcel Number	R83202	Improvements Assessment	$0
Land Assessment	$1,490,152	Total Assessment	$1,490,152

PROPERTY TAXES

Parcel Number

R83202

Land Assessment

$1,490,152

Improvements Assessment

Total Assessment

$1,490,152

zoning

Zoning Code	M-1
M-1

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Listing ID: 3880551
Date on Market: 5/15/2015
Last Updated:
Address: 6050 50th St, Lubbock, TX 79407

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