503 University AveLubbock, TX 79415

Property Details for 503 University Ave

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 7.27-acre commercial property is situated at the southeast corner of Kent Avenue and University Avenue in Lubbock, Texas, zip code 79415. The land boasts Interstate Highway Commercial zoning, offering unparalleled flexibility for a variety of development opportunities. A comprehensive master plan has already been designed, envisioning a mixed-use development including retail centers, gas station parcels, office warehouse spaces, motel tracts, and garden office buildings. The property's strategic location just north of the soon-to-be-constructed Expo Arena (projected completion within 36 months) presents a significant advantage, capitalizing on the anticipated increased foot traffic and economic activity generated by major events such as rodeos, stock shows, concerts, and other dirt-related sports. While a majority of the surrounding area is residential, the property's zoning allows for diverse development options, including the potential for barndominiums and an RV park, in addition to the warehouse and commercial spaces outlined in the master plan. This prime location and versatile zoning make this a truly unique investment opportunity in a rapidly growing area of Lubbock. The property's coordinates are 33.6048117 latitude and -101.8713095 longitude. This is a rare chance to acquire a large tract of land with significant development potential in a high-demand location.

Location Insight

City

Lubbock

County

Lubbock

State

Texas

Latitude

33.6048

Longitude

-101.871

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