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Coldwell Banker Commercial, Capital Advisors is pleased to offer for sale a 31,250 SF tract of land along Milwaukee Ave in south Lubbock. The subject property is a prime office development location within The Trails Garden Office area. The tract is near Walmart and various new retail/office developments along the highly trafficked Milwaukee corridor. Lubbock’s highly skilled and educated workforce, proximity and connection to major national and international markets, and affordable utility and living costs make it the ideal place to grow a business. Known as the “Hub City” of West Texas, Lubbock's diverse economy is based on manufacturing, agriculture, wholesale and retail trade services, as well as government, education and health care. As the 11th largest city in Texas, Lubbock boasts a trade-area population base of 639,921 people. Home to Texas Tech University, Texas Tech University Health Sciences Center, Lubbock Christian University and a fast-growing community college, Lubbock County boasts more than 50,000 college students. 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.
The subject tract is located along the highly trafficked Milwaukee corridor. The location provides quick access to all parts of the city.
| Month | Payment | Principal | Interest | Total Interest | Balance |
|---|---|---|---|---|---|
| $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
| Total Population | 8,651 | 47,943 | 121,538 | |
| Population Median Age | 35 | 37 | 36 | |
| Population by Age | 0-9 Yrs | 1446 (16%) | 7254 (15%) | 17073 (14%) |
| 10-19 Yrs | 980 (11%) | 5280 (11%) | 15697 (12%) | |
| 20-29 Yrs | 1166 (13%) | 8067 (16%) | 21080 (17%) | |
| 30-39 Yrs | 1730 (19%) | 6913 (14%) | 16800 (13%) | |
| 40-49 Yrs | 925 (10%) | 5268 (10%) | 13392 (11%) | |
| 50-59 Yrs | 1178 (13%) | 5525 (11%) | 14176 (11%) | |
| 60-69 Yrs | 662 (7%) | 5139 (10%) | 11812 (9%) | |
| 70+ Yrs | 564 (6%) | 4497 (9%) | 11507 (9%) | |
| Median HH Income | $90,938 | $68,366 | $59,843 | |
| Total Household Income | < 24K | 235 (7%) | 3159 (15%) | 8771 (17%) |
| 25-49K | 479 (14%) | 4241 (21%) | 11911 (24%) | |
| 50-74K | 513 (15%) | 3380 (17%) | 8769 (17%) | |
| 75-99K | 616 (19%) | 2783 (13%) | 6650 (13%) | |
| 100-199K | 1077 (33%) | 4873 (24%) | 10115 (20%) | |
| 200K+ | 320 (9%) | 1442 (7%) | 2964 (6%) | |
| Highest Education Level | No Diploma | 177 | 1976 | 6435 |
| Diploma or GED | 1161 | 5922 | 17072 | |
| Some College | 1447 | 8098 | 19500 | |
| Assoc. Degree | 316 | 2116 | 5269 | |
| Bachelors Degree | 2028 | 8383 | 18441 | |
| Higher Degree | 766 | 4904 | 10596 | |
| Total Housing Units | 3,452 | 21,525 | 53,278 | |
| --Owner-Occupied | 2,632 | 12,262 | 29,517 | |
| --Renter-Occupied | 608 | 7,617 | 19,664 | |
| Owner-Occupied Values | < 100K | 118 | 1135 | 5985 |
| 100-199K | 1228 | 5959 | 13768 | |
| 200-299K | 712 | 2987 | 5477 | |
| 300-399K | 301 | 1200 | 2219 | |
| 400-499K | 119 | 464 | 951 | |
| 500K+ | 153 | 517 | 1117 | |
| Total Working Age Population | 6,541 | 37,355 | 94,266 | |
| In Work Force | 4,796 | 26,412 | 66,124 | |
| Not In Work Force | 1,745 | 10,943 | 28,142 | |
| Workforce Employed | 4,614 | 25,430 | 63,711 | |
| Workforce Unemployed | 157 | 924 | 2,304 | |
| Civlian Workforce | 4,772 | 26,354 | 66,015 | |
| Military Workforce | 25 | 58 | 109 | |
| Total Households | 3,240 | 19,879 | 49,181 | |
| Family Households | 2,444 | 12,658 | 31,248 | |
| Non-Family Households | 796 | 7,220 | 17,933 | |
| Married Couple | 2,064 | 9,934 | 23,007 | |
| Other Family | 380 | 2,724 | 8,242 | |
| Married w/Child | 924 | 3,857 | 9,177 | |
| Single Male w/Child | 73 | 269 | 1,177 | |
| Single Female w/Child | 137 | 1,348 | 3,751 | |
Population Change Last Two Decades - Plus Projection
| 2000 | % | 2010 | % | 2020 | % | 2030 | |
|---|---|---|---|---|---|---|---|
| Texas | 20,851,820 | +21 | 25,145,561 | +18 | 29,677,668 | +18 | 34,894,452 |
| Lubbock County | 242,628 | +15 | 278,831 | +14 | 317,210 | +16 | 367,552 |