About this property

Prime development opportunity in the heart of Lubbock! This property at 1812 Avenue R offers a ready-to-develop site ideal for investors and builders seeking a strong location for multifamily, hospitality or residential development. The site is situated in a growing area with close proximity to Texas Tech University, downtown Lubbock, and major employment and retail corridors. With utilities nearby and easy access to key transportation routes, this property provides an excellent foundation for a multifamily community, townhome project, or mixed-use concept. Whether you're an experienced developer or new to the market, this site combines location, accessibility, and potential—making it a standout choice for your next project. This property comes with a NNN 3 year lease that provides you income of $1750/month + ancillary income of $1750/year with the existing billboard lease. This makes for an ideal investment since you are collecting cash flow day 1. Property is ideally located and definitely in the path of progress on the 19th St corridor. This property is less than 3 miles away from the main focal point of Lubbock, Texas Tech University. Property Overview Address(s): 1808-1812 19th Street, Lubbock, TX & 1814 Avenue R, Lubbock, TX The structure on 19th Street sits on a compact commercial lot; the Avenue R parcel is deeper and offers expansion or buffer opportunity. Situated in Lubbock's urban core, the site benefits from street frontage, vehicular visibility, and connectivity to nearby commercial corridors and residential density. Key Features & Strengths Built-in Presence + Land Scalability: The existing structure on 19th Street can generate immediate occupancy or lease income, while the blank land parcel offers room for development. Seller has existing plans for Multifamily project. Because the parcels straddle 19th Street and Avenue R, they provide frontage, ingress/egress flexibility, and multiple access possibilities. 19th Street is an established traffic artery; any retail or service business would enjoy exposure to both vehicular and pedestrian flow. This listing is the same as MLS: 202562176 - this includes Land listing as well. Total price is $450,000.00