1st Street & Milwaukee Avenue

Lubbock, TX

Land for Sale


Agent Info

Beau Tucker
Coldwell Banker Commercial Capital Advisors

Property Info

CIMLS#1164967
Location
  1st Street & Milwaukee Avenue
  Lubbock TX 79416
UpdatedSeptember 6th, 2024
TypeLand
PriceUpon Request

Property Description

LOCATION

Located just inside the northwest city at 1st Street & Milwaukee Avenue in Lubbock, TX.

DESCRIPTION

Discover an outstanding opportunity for multifamily development in an area where the population has seen remarkable

growth in recent years. Specifically, within a 1-mile radius, the population has increased by more than sixfold over

the past eight years, while the 3-mile and 5-mile radii have both seen their populations double. This expansive tract

is perfectly situated along Milwaukee Avenue, just north of a bustling United Supermarkets. Boasting over 800 feet of

frontage, the site offers great potential. The nearby intersection of 4th & Milwaukee serves as a vibrant commercial

hub, with great establishments such as United Supermarkets, Starbucks, Sherwin Williams, Great Clips, and a newly

constructed Toot’n Totum gas station (2024). Water service is available on-site, and sewer connections are conveniently

located just to the south, simplifying the development process. This tract is ideally suited for multifamily development

and is currently available for sale. It’s worth noting that a portion of the property is situated within a floodplain.

OPTIONS

10 Acres - $2.25 per Sq. Ft.

(Drainage Easement 0.8401 Acres - Net Buildable 9.1599 Acres)


Financials