1812 Avenue R, Lubbock, TX 79401

Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
1812 Avenue R,Lubbock, TX 79401
$450,000
  • 0.7 Acres
  • Lots / Land
  • Active
Listed by:josh urias
Office:wise cardinal realty
MLS#:202562458
Source:TX_LAR

Price summary

  • Price:$450,000

About this home

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

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Home facts

  • Listing ID #:202562458
  • Added:1 day(s) ago
  • Updated:October 31, 2025 at 03:08 PM

Structure and exterior

  • Lot area:0.7 Acres

Finances and disclosures

  • Price:$450,000
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