289 Loop, Lubbock, TX 79415

Approximately 15.64 acres of land located in the heart of the rapidly developing North Loop & Quaker Avenue area of Lubbock that is located within a Qualified Opportunity Zone (QOF). QOF investors have substantial tax benefits for a property like this. Property is not in the floodplain. This tract may be purchased as a whole or subdivided and is suitable for retail development, multi-family, office development, or restaurant use. This tract is highly visible, accessible and boasts over 1100 feet of frontage on Loop 289 and over 25,000 vehicles per day traveling east and west. Property is zoned AC (Auto Urban Commercial) formerly C3.
This land is located within 5 minutes of University Medical Center, Texas Tech University with over 40,000 students, Covenant Health Systems hospital and the NorthStar Medical office park.
Lubbock, a gem in West Texas, is the 11th largest city in Texas with a regional population of 639,921 people. Its economy includes: manufacturing, agriculture, wholesale and retail trades as well as government, education, and healthcare. Lubbock boasts an accomplished and adept working community connecting the “Hub City” to both national and international markets. It has both affordable utility and living costs making it a model city to maintain a business. There is never a lack of market stimulation since one can find Texas Tech University, Texas Tech University Health Sciences Center, Lubbock Christian University, and the fast-growing South Plains College. When combined, these institutions boast over 50,000 undergraduate students. Along with the higher education establishments, Lubbock is the only city in the nation with a comprehensive university, a health sciences center, an agriculture college and a law school in one location, making Texas Tech University the second largest contiguous university campus in the United States.