5009 University AveLubbock, TX 79413

This exceptional Lubbock, Texas commercial property at 5009 University Avenue presents a compelling redevelopment opportunity. The 11,668 square foot office building, constructed in 1959, sits on a substantial 37,407 square foot lot zoned for Neighborhood Commercial use. Currently configured as a single-story structure, the building offers versatile space suitable for various uses, including executive, medical, or traditional office spaces, as well as potential for retail or other commercial applications. The property boasts high visibility and traffic counts due to its central location near the intersection of 50th Street and University Avenue. Ample on-site parking accommodates 23 vehicles. Its proximity to Texas Tech University and major freeways enhances accessibility and appeal. The asking price of $790,000 represents a significant value, potentially below land value alone, making this a prime investment for discerning buyers seeking a high-return opportunity in a thriving Lubbock market. The property's existing infrastructure provides a solid foundation for immediate occupancy or extensive renovation, catering to a wide range of business needs.