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4th & Milwaukee, Ave. - Milwaukee & 4th Street

27.42 Acres of Commercial Land Offered at $5,925,667 CAD in Lubbock, TX 79416

Investment Highlights

  • Across from the United Supermarkets #2 most visited location in Lubbock per Placer.Ai
  • Intersection of 4th & Milwaukee boasts ±28,130 VPD
  • Less than 2 miles from West End Shopping Center containing Nike Factory Store, Cabela's, Dave & Buster's, Best Buy, & more.
  • Property adjoins the Shadow Hills Golf Course
  • Within close proximity to major Retail Node of 4th & Frankford Ave

Executive Summary

27.42 Acres (1,194,420sf) - $4,180,453 ($3.50 PSF)
Property can be devised on request and approval

Property Facts

Price $5,925,667 CAD
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Senior
  • Bank
  • Carwash
  • Restaurant
Total Lot Size 27.42 AC

1 Lot Available

Lot All Tracts

Price $5,925,667 CAD
Price Per AC $216,107 CAD
Lot Size 27.42 AC

Prime Location with 526' of 4th Street Frontage and 830' of Milwaukee Frontage. Located directly North of the New United Supermarket and United Express, and in between the beautiful upscale Terra Estates and Shadow Hills Golf Course.

Description

27.42 Acres ready for immediate development. Zoned Medium Density Residential (MDR), this property has great potential for multifamily development as it supplies 526’ of 4th Street frontage & 830’ of Milwaukee frontage, offering great accessibility and visibility. This location is anchored by the 2nd most visited United Supermarkets in the Lubbock region and the 3rd highest visited United Supermarkets in the state of Texas per Placer.Ai. Shadow anchored retail tenants like Starbucks supplying great traffic numbers. This location provides an opportunity for a multitude of potential uses created by the overall growth Lubbock is undertaking. Newly developed Toot N Totum, a leading regional Gas and Convenience Store, is located on the north-east hard corner of 4th & Milwaukee. Milwaukee Avenue serves as north and south thoroughfare extending into the rapidly growing area of west and southwest Lubbock. One mile east, the retail node of 4th Street & Frankford Avenue contains major retailers such as the top visited Walmart in Lubbock per Placer.Ai, First United Bank, Chick-fil-A, Whataburger, Raising Cane’s, and more!

zoning

Zoning Code MDR (Medium Density Residential)
MDR (Medium Density Residential)
  • Listing ID: 3866838

  • Date on Market: 2012-11-01

  • Last Updated:

  • Address: 4th & Milwaukee, Ave., Lubbock, TX 79416

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