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Investment Highlights

  • High Traffic Count
  • High Visibility

Executive Summary

Located along University Avenue near 50th Street, 5009 University Avenue presents a rare opportunity to acquire a high-visibility commercial site in the heart of Central Lubbock. The property benefits from strong daily traffic counts, established surrounding retail, proximity to Texas Tech University, and convenient access to Loop 289 and major streets. The site includes approximately 37,407 SF of land and an existing 11,668 SF structure currently suited for redevelopment, adaptive reuse, or future repositioning. With land value support exceeding the current asking price, the property offers a compelling opportunity for investors seeking an urban infill redevelopment play, owner-users planning a long-term repositioning strategy, or developers targeting retail, office, medical, educational, or service-oriented uses.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
11,668 SF
Building Class
C
Year Built/Renovated
1959/1980
Price
$684,868 CAD
Price Per SF
$58.70 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,668 SF
Building FAR
0.31
Lot Size
0.86 AC
Zoning
NC - Neighborhood Commercial
Parking
23 Spaces (1.97 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
R125525
Land Assessment
$205,361 CAD
Improvements Assessment
$400,118 CAD
Total Assessment
$605,479 CAD
  • Listing ID: 33398768

  • Date on Market: 2024-10-03

  • Last Updated:

  • Address: 5009 University Ave, Lubbock, TX 79413

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