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The Powell Group is pleased to present 311-313 Avenue U, a great opportunity to acquire two adjacent parcels in Lubbock, Texas. Zoned HDR (subject for zone change to commercial), this property offers significant potential for multi-family development or other high-density residential projects. Strategically located just off the Marsha Sharp Freeway, the property provides excellent connectivity to University Avenue and is in walking distance to Texas Tech University. This prime location offers easy access to major transportation routes, vibrant commercial districts, and the bustling Texas Tech campus, making it ideal for commercial and residential development aimed at students, faculty, or urban professionals. Don’t miss this opportunity to capitalize on a growing market near one of Lubbock’s most dynamic areas. For additional information, contact The Powell Group today.
| 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 | 10,760 | 66,580 | 152,135 | |
| Population Median Age | 28 | 32 | 33 | |
| Population by Age | 0-9 Yrs | 704 (6%) | 6342 (9%) | 18646 (12%) |
| 10-19 Yrs | 1912 (17%) | 13478 (20%) | 26116 (17%) | |
| 20-29 Yrs | 5349 (49%) | 20595 (30%) | 38100 (25%) | |
| 30-39 Yrs | 804 (7%) | 6811 (10%) | 18114 (11%) | |
| 40-49 Yrs | 689 (6%) | 5154 (7%) | 13161 (8%) | |
| 50-59 Yrs | 741 (6%) | 5599 (8%) | 14537 (9%) | |
| 60-69 Yrs | 382 (3%) | 4374 (6%) | 11539 (7%) | |
| 70+ Yrs | 180 (1%) | 4227 (6%) | 11922 (7%) | |
| Median HH Income | $20,392 | $30,906 | $39,949 | |
| Total Household Income | < 24K | 2252 (56%) | 9726 (41%) | 17585 (32%) |
| 25-49K | 981 (24%) | 6135 (26%) | 15387 (28%) | |
| 50-74K | 409 (10%) | 3516 (15%) | 9114 (16%) | |
| 75-99K | 99 (2%) | 1763 (7%) | 5257 (9%) | |
| 100-199K | 213 (5%) | 1615 (6%) | 6069 (11%) | |
| 200K+ | 7 (0%) | 439 (1%) | 1381 (2%) | |
| Highest Education Level | No Diploma | 1139 | 7882 | 15729 |
| Diploma or GED | 1045 | 8847 | 23349 | |
| Some College | 762 | 6842 | 19344 | |
| Assoc. Degree | 214 | 1510 | 4571 | |
| Bachelors Degree | 294 | 3335 | 11257 | |
| Higher Degree | 283 | 2951 | 7664 | |
| Total Housing Units | 5,004 | 27,122 | 62,433 | |
| --Owner-Occupied | 656 | 8,019 | 25,057 | |
| --Renter-Occupied | 3,304 | 15,173 | 29,735 | |
| Owner-Occupied Values | < 100K | 535 | 5400 | 12935 |
| 100-199K | 76 | 1530 | 8937 | |
| 200-299K | 14 | 527 | 1676 | |
| 300-399K | 20 | 269 | 573 | |
| 400-499K | 5 | 158 | 452 | |
| 500K+ | 6 | 135 | 485 | |
| Total Working Age Population | 9,671 | 56,426 | 121,577 | |
| In Work Force | 5,314 | 32,834 | 75,696 | |
| Not In Work Force | 4,356 | 23,592 | 45,881 | |
| Workforce Employed | 4,953 | 30,699 | 72,028 | |
| Workforce Unemployed | 361 | 2,128 | 3,647 | |
| Civlian Workforce | 5,314 | 32,827 | 75,675 | |
| Military Workforce | 0 | 7 | 21 | |
| Total Households | 3,960 | 23,192 | 54,791 | |
| Family Households | 1,230 | 11,458 | 31,799 | |
| Non-Family Households | 2,730 | 11,735 | 22,992 | |
| Married Couple | 667 | 6,390 | 19,042 | |
| Other Family | 563 | 5,068 | 12,757 | |
| Married w/Child | 233 | 2,303 | 7,567 | |
| Single Male w/Child | 120 | 627 | 1,810 | |
| Single Female w/Child | 180 | 1,892 | 4,798 | |
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 |