15102 University, Lubbock, TX

Land for Sale - $1,742,400 - 8 acres


Agent Info

Scott Womack
Coldwell Banker Commercial Capital Advisors

Property Info

CIMLS#1150111
Location
  15102 University
  Lubbock TX 79423
UpdatedOctober 17th, 2023
TypeLand
Price$1,742,400
Land8 acres

Property Description

Two (2) four-acre tracts of land fronting University Avenue at the entry to The Reserve at Dunn Mill providing an opportunity for retail, office and commercial development. The tracts can be subdivided into one acre tracts of land (at $6.50 per sq. ft.).

Utility extensions have been made to the site (septic systems will be required) and the development site is located in the Lubbock Cooper Independent School District. A recent bond election resulted in the planned construction of LCISD's sixth elementary school, scheduled for completion in 2028 on 152nd Street, just to the east of University Avenue. Other residential subdivisions in the area around the offering include Allen Farms, Bell Farms, Timber Ridge, Cooper Ranch, Indiana South, Kelsey Park, and Viridian.


Financials



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