2211 Marsha Sharp Fwy 8,181 SF 100% Leased Retail Building Lubbock, TX 79415 For Sale

With over 300 feet of frontage along U.?S.? Highway 82, this high-visibility site offers a rare opportunity to acquire and redevelop property in one of Lubbock’s most active and strategically connected corridors.? Within walking distance from Texas Tech University, this property provides seamless connectivity to U.?S.? Highway 82, Loop 289, U.?S.? Highway 62, and Interstate 27 – with future integration into the Ports-to-Plains Corridor further enhancing regional accessibility and long-term growth.?

The site is directly adjacent to a dense student housing cluster exceeding 1,700 units, with an additional 671-unit multifamily development currently under construction nearby, scheduled for delivery in 2027.? This expanding residential base creates a strong and growing demand for retail, service, and mixed-use development.?

Located within 5 minutes from Texas Tech sports venues: Dan Law Field at Rip Griffin Park and United Spirit Arena, and walking distance from Jones AT&T Stadium, the property also benefits from significant event-driven traffic, particularly during Texas Tech game days and concert events, where tailgating activity drives high-volume foot traffic and consumer demand.?

The surrounding area is further supported by a strong hospitality presence, with 12 (soon to be 13) hotels, including The Overton Hotel & Conference Center, which features an award-winning, state-of-the-art Conference Center, all within a 2-mile radius, reinforcing consistent daily and transient demand.?

The site offers multiple viable execution strategies:
?Ground-Up Retail Development: Redevelop into a modern strip center positioned to capture student, hospitality, and event-driven traffic.?
?Hybrid Retail / Office Concept: Retain the existing structure and develop a new standalone building on the excess land to create a multi-tenant asset.?
?Multifamily Redevelopment: Leverage increasing residential density and proximity to Texas Tech for an apartment or build-to-rent project.?
?Industrial / Flex Conversion: Utilize existing building infrastructure, including bay access, for warehouse or flex use.?
With strong visibility, direct freeway access, and a combination of existing density, future development, hospitality presence, and regional connectivity, this property presents a compelling opportunity for investors and developers seeking multiple paths to value creation.