SWC N Loop 289 & Memphis - 1101 N Memphis 15 Acre Tract

LOCATION: Property is located along the frontage road of N Loop 289 just east of Quaker Avenue and adjacent to Memphis Avenue. DESCRIPTION: 15.81 acres of land located in the heart of the rapidly developing North Loop & Quaker Avenue area of Lubbock, TX within a qualified opportunity zone. The immediate surroundings of the land are abundant with commercial and residential activity. Adjacent to the property to the east is a 220-unit independent living center and a 288-unit student housing complex. Additionally, this property is less than two miles from Covenant Health Systems hospital, University Medical Center, Texas Tech University's Campus with over 40,000 enrolled students, the Lubbock Heart Hospital - NorthStar Medical offices, Wayland Baptist University satellite campus, and a 744-bed student housing complex. Property is located within a Qualified Opportunity Zone (QOF). QOF investors have substantial tax benefits for a property like this. Property is not in the floodplain. Property is zoned HC (Heavy Commercial) formerly C4. Lubbock, a gem in West Texas, is the 11th largest city in Texas with a regional population of 639,921 people. Its economy includes: manufacturing, agriculture, wholesale and retail trades as well as government, education, and healthcare. Lubbock boasts an accomplished and adept working community connecting the “Hub City” to both national and international markets. It has both affordable utility and living costs making it a model city to maintain a business. There is never a lack of market stimulation since one can find Texas Tech University, Texas Tech University Health Sciences Center, Lubbock Christian University, and the fast-growing South Plains College. When combined, these institutions boast over 50,000 undergraduate students. Along with the higher education establishments, Lubbock is the only city in the nation with a comprehensive university, a health sciences center, an agriculture college and a law school in one location, making Texas Tech University the second largest contiguous university campus in the United States.