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311 & 313 Avenue U
Lubbock, TX 79415
Land For Sale · 0.32 AC

Investment Highlights

  • Walking distance to Texas Tech Campus
  • Immediate access to Marsha Sharp Freeway (US-62)

Executive Summary

This site presents a compelling infill development opportunity in one of Lubbock’s strongest rental corridors. This offering includes two adjacent parcels totaling approximately 0.317 acres, zoned HDR (High Density Residential), allowing for a range of higher-density residential uses. Positioned within walking distance to the Texas Tech campus and just off the Marsha Sharp Freeway, the property benefits from consistent rental demand driven by students, faculty, and workforce housing needs. The site offers excellent access to University Avenue and Lubbock’s primary east-west corridor, supporting both tenant accessibility and long-term value. With limited infill opportunities remaining in close proximity to Texas Tech, this property is well-suited for duplex, triplex, or small multifamily development, as well as long-term hold strategies in a high-demand rental market.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.32 AC
Zoning HDR - High Density Residential

1 Lot Available

Lot

Price $373,450 CAD
Price Per AC $1,167,031.28 CAD
Lot Size 0.32 AC

Two adjacent parcels totaling ~0.317 acres near Texas Tech. Zoned HDR for higher-density residential use. Ideal for duplex, triplex, or small multifamily development with strong rental demand and quick access to Marsha Sharp Fwy.

Description

The Powell Group is pleased to present 311-313 Avenue U, a great opportunity to acquire two adjacent parcels in Lubbock, Texas. Zoned HDR (subject for zone change to commercial), this property offers significant potential for multi-family development or other high-density residential projects. Strategically located just off the Marsha Sharp Freeway, the property provides excellent connectivity to University Avenue and is in walking distance to Texas Tech University. This prime location offers easy access to major transportation routes, vibrant commercial districts, and the bustling Texas Tech campus, making it ideal for commercial and residential development aimed at students, faculty, or urban professionals. Don’t miss this opportunity to capitalize on a growing market near one of Lubbock’s most dynamic areas. For additional information, contact The Powell Group today.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • R40569
  • R40595
Land Assessment
$4,025 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,025 CAD
  • Listing ID: 34566348

  • Date on Market: 2025-01-22

  • Last Updated:

  • Address: 311 & 313 Avenue U, Lubbock, TX 79415

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