This listing is under contract.

9420 19th St. 1.13 acres

9420 19th Lubbock, TX 79416

9420 19th, Lubbock, TX, 79416
9420 19th, Lubbock, TX, 79416
UNDER CONTRACT FOR SALE
Property Type:
Commercial Land Development
Amount:
$350,000
Last Verified:
Jun 30, 2020

Main corridor to Reese Technology Center. Current tenants at Reese Center: Lubbock Police Academy, satellite Texas Tech University location, satellite South Plains College location. Learn more reesetechnologycenter.com.
Section line intersection at 19th St. (Hwy 114) & Research Blvd. Traffic count = 26,844 vehicles per day. State Highway 114 frontage leads west to Levelland and the main campus of South Plains College.
$7.11/sf.
Proposed Use: Retail, Office, Mixed Use, Hospitality, Auto Dealership, Auto Repair, Bank, Car Wash, Convenience Store, Day Care Center, Drug Store, Fast Food, General Freestanding, Health Care, Medical, Hotel, Motel, Neighborhood Center, Religious Facility, Restaurant, Service Station, Storefront Retail/Office, Strip Center, Hold for Development, Hold for Investment.


Map of 9420 19th, Lubbock, TX, 79416

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.