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29560627
29560626

4th & Milwaukee Avenue, Lubbock, TX 79416 For Sale

GRACO Real Estate Development
Listed by GRACO Real Estate Development
$1,384,890
2592 days on market
Updated 64 days ago

4th & Milwaukee Avenue Pad Site

Details
Property Type Land, Retail
Sub Type Pad, Padsite
Square Footage 71,020
Tenancy Vacant
Price per SqFt $20
Class A
Lot Size (SqFt) 71,020
Investment Type Redevelopment
Ground Lease Yes
Sale Condition For sale by owner

71,020 Pad Site Available!

Marketing description

The ±71,020 SF (±1.63-acre) pad site is located at the signalized intersection of 4th Street and Milwaukee Avenue in Lubbock, TX, one of west Lubbock’s most established and active retail corridors. The site is positioned within a high-performing neighborhood retail environment anchored by United Supermarkets, with Sherwin-Williams occupying a prominent corner location and a Starbucks outparcel driving consistent daily traffic.

Milwaukee Avenue serves as Lubbock’s primary north–south retail spine, connecting dense residential neighborhoods with major commercial and retail destinations. The subject site benefits from excellent visibility, strong traffic exposure, and convenient access to Loop 289 and other major arterial roadways. The surrounding trade area features strong household incomes, continued residential growth, and sustained consumer demand.

The pad site offers a flat, usable configuration suitable for a wide range of commercial uses, including retail, restaurant, medical, financial, and service-oriented development. The site’s size allows for flexible building layouts and parking configurations, making it attractive for both single-tenant and select multi-tenant concepts (subject to zoning and approvals).

As part of a grocery-anchored center with proven co-tenancy, the site benefits from built-in traffic generation and cross-shopping synergy. The presence of daily-needs retail and national brand users enhances the long-term viability of the location and supports stable tenant demand.

The property represents an opportunity to acquire a well-located pad site in a supply-constrained submarket with limited comparable pad availability. West Lubbock continues to demonstrate strong retail fundamentals, and Milwaukee Avenue remains one of the city’s most desirable corridors for new commercial development.

Sale pricing reflects the quality of the location, surrounding tenancy, and long-term growth fundamentals. Buyer to verify zoning, utilities, access, and development requirements.

Investment highlights

  1. Prime Pad Site Opportunity
    ±71,020 SF (±1.63 acres) located at the signalized intersection of 4th Street & Milwaukee Avenue in Lubbock, TX, one of west Lubbock’s most established and active retail corridors.

  2. Grocery-Anchored Environment
    Positioned within a high-performing neighborhood retail center anchored by United Supermarkets, providing consistent daily traffic and long-term stability.

  3. Best-in-Class Co-Tenancy
    Surrounded by national and regional brands including Sherwin-Williams (corner location) and a Starbucks outparcel, driving strong cross-shopping and all-day visitation.

  4. Strong Visibility & Access
    Located at a signalized hard corner with excellent frontage, multiple points of ingress/egress, and high traffic exposure along Milwaukee Avenue.

  5. Flexible Development Potential
    Flat, usable pad suitable for retail, restaurant, medical, financial, or service development. Site size allows for efficient building and parking layouts (subject to approvals).

  6. Supply-Constrained Submarket
    Limited pad site availability along Milwaukee Avenue with strong historical absorption and continued tenant demand.

  7. Established Trade Area Fundamentals
    Dense surrounding residential rooftops, strong household incomes, and steady west Lubbock population growth support long-term retail performance.

  8. Institutional-Quality Location
    Milwaukee Avenue remains Lubbock’s premier north–south retail spine, connecting major residential growth to regional retail destinations.

Listing Contacts

GRACO Real Estate Development
Listed by GRACO Real Estate Development

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