Northwest Lubbock Multifamily Land

1st & Milwaukee Lubbock, TX 79416

1st & Milwaukee, Lubbock, TX, 79416
1st & Milwaukee, Lubbock, TX, 79416 1st & Milwaukee, Lubbock, TX, 79416 1st & Milwaukee, Lubbock, TX, 79416
FOR SALE
Property Type:
Other Land
Amount:
$980,100
Last Verified:
Oct 27, 2024

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Description

Discover an outstanding opportunity for multifamily development in an area where the population has seen remarkable growth in recent years. Specifically, within a 1-mile radius, the population has increased by more than sixfold over the past eight years, while the 3-mile and 5-mile radii have both seen their populations double. This expansive tract is perfectly situated along Milwaukee Avenue, just north of a bustling United Supermarkets. Boasting over 800 feet of frontage, the site offers great potential. The nearby intersection of 4th & Milwaukee serves as a vibrant commercial hub, with great establishments such as United Supermarkets, Starbucks, Sherwin Williams, Great Clips, and a newly constructed Toot’n Totum gas station (2024). Water service is available on-site, and sewer connections are conveniently located just to the south, simplifying the development process. This tract is ideally suited for multifamily development and is currently available for sale. It’s worth noting that a portion of the property is situated within a floodplain.

Located just inside the northwest city at 1st Street & Milwaukee Avenue in Lubbock, TX.

Lot Size: 10.0 acres


Documents

1st & Milwaukee - Flyer.pdf

Map of 1st & Milwaukee, 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:

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  • 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.