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8905 Milwaukee Ave - 8905 Milwaukee Ave
0.95 Acres of Commercial Land Offered at $616,488 in Lubbock, TX 79424
Investment Highlights
- Heavy vehicle traffic headed north and south along frontage Milwaukee
- Location is in the middle of new Medical/Retail/Restaurant Enterprise Corridor
- Size of structure on property NOT limited under newly adopted City Unified Development Code
- Surrounding structures are high-end and lovely with excellent landscaping
- Adjacent neighborhoods are well developed and rooftops are growing to the south and west
Executive Summary
Tract I and Tract J HAVE SOLD.
All lots are currently listed for $14.90/sq. ft. NO BROKER FEE WILL BE PAID BY SELLER. THIS IS AN FSBO OFFERING.
*** Please see www.grimesleasing.com for more information under LOTS FOR SALE or call owner at 806.777.7772
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
1 Lot Available
Lot R327069
| Price | $616,488 | Lot Size | 0.95 AC |
| Price Per AC | $648,935 |
| Price | $616,488 |
| Price Per AC | $648,935 |
| Lot Size | 0.95 AC |
ADDRESS FOR SUCCESS! In the Milwaukee Enterprise Corridor, Trails Garden Office TR F-1 is an extra-deep lot. With high traffic exposure near Medical, Retail, Restaurants, and Schools, this is the new location for your successful business future.
Description
FRONTAGE MILWAUKEE Vacant lot with a large, well landscaped dental hospital to the north, and just one lot off the entrance to The Trails neighborhood. To the south, this seller is committed to contracting with high-end businesses to complete this section of the Milwaukee Enterprise Corridor. This Tract and all other tracts offered here are grandfathered in under the City of Lubbock Ordinances 40.03.1031 et seq. as a C-1 Commercial, as those ordinances existed immediately prior to their replacement by the City of Lubbock’s adoption of the Unified Development Code (UDC). This is important, as, under the new UDC, gross square footage for any build is limited to 3,500 sq. ft. No limits like this exist under our grandfathered zoning. ***PLEASE SEE Grimesleasing.com for more details on the lots available in this area as well as the businesses already in place along this stretch of Milwaukee Avenue. NO BROKER FEE WILL BE PAID BY SELLER. THIS IS AN FSBO OFFERING.
PROPERTY TAXES
| Parcel Number | R327069 | Total Assessment | $289,625 (2024) |
| Land Assessment | $289,625 (2024) | Annual Taxes | ($1) |
| Improvements Assessment | $0 (2024) | Tax Year | 2022 |
PROPERTY TAXES
zoning
| Zoning Code | C-1 (All Tracts are grandfathered pursuant to City of Lubbock Ordinances 40.03.1031 et seq. as those existed prior to replacement by the City's new UDC.) |
| C-1 (All Tracts are grandfathered pursuant to City of Lubbock Ordinances 40.03.1031 et seq. as those existed prior to replacement by the City's new UDC.) |
Presented by
Grimes Commercial Leasing
8905 Milwaukee Ave - 8905 Milwaukee Ave
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