Westlake West

For Sale

5202 Bangor Ave, Lubbock, TX 79424

This Lubbock property for sale is located at 5202 Bangor Ave. The current listed sale price for Westlake West is Auction Price with Westlake East. Westlake West is situated on a lot that is 5.01 acre in size.

Contacts

broker

Marty Cleckler

eXp Commercial

(817) 438-0808

Property Details

  • Property Type Multi-Family
  • Property Size 104,250 SF
  • Units 115
  • Lot Size 5.01 Acre
  • Year Built 1973
  • Year Renovated 2023
  • Date Updated Apr 23, 2024
Experience the appeal of Westlake West (fka Riverstone Park) within the dynamic Lubbock MSA market. This prime location offers a multitude of amenities and conveniences, catering to the needs of Multifamily / Low-Rise/Garden investors. Residents enjoy easy access to nearby dining, entertainment, and retail centers, creating an attractive living environment. With its proximity to reputable schools, parks, and cultural attractions, this area is designed to enhance the resident experience. The seamless connectivity to major transportation routes adds to the investment allure, making Westlake West an enticing prospect for those seeking to develop a thriving multifamily community in the heart of Lubbock MSA.Discover an exceptional investment opportunity in the heart of the thriving Lubbock MSA area. This impressive property boasts a 115,000 SF building with 115 units, providing an ideal canvas for Multifamily / Low-Rise/Garden investors. Zoned for multifamily use and currently enjoying an 85% occupancy rate, this offering presents a compelling prospect for investors seeking a high-performing asset. With its strategic location and strong market demand, this property is poised to generate a lucrative return on investment. Don't miss the chance to capitalize on this prime multifamily opportunity in the promising Lubbock MSA market.

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Highlights

  • - Prime, Class A location north of the South Plains Mall
  • - Over 85% of units renovated in last two years
  • - Current rents below market due to construction lease up
  • - Within 3 miles of all major employers
  • - Strong market demand for multifamily housing

Getting around

  • 64/100

    Walk Score ®

  • 29/100

    Transit Score ®

  • 55/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lubbock, TX
  • Neighborhood Leroy Elmore
  • Zip Code 79424
  • Market Lubbock

Points of Interest

  • EZ-Mart

    0.21 miles

  • Valero

    0.30 miles

  • Valero

    0.84 miles

  • Rudy's Gas

    0.98 miles

  • E-Z Mart

    1.09 miles

  • Sam's Club

    1.16 miles

  • Phillips 66

    1.17 miles

  • Alon

    1.30 miles

  • Alon

    1.34 miles

  • Murphy Express

    1.35 miles

  • East Welcome Center Parking

    2.08 miles

  • West Welcome Center Parking

    2.09 miles

  • Commuter Parking - Lot S1

    3.16 miles

  • Commuter Parking - Lot S2

    3.31 miles

  • Lot F-0

    3.44 miles

  • Lot F-1

    3.47 miles

  • Flint Ave Garage

    3.50 miles

  • Lot F-2

    3.55 miles

  • Residence Hall Parking - Lot Z3

    3.59 miles

  • Lot F-3

    3.61 miles

  • TownePlace Suites

    0.55 miles

  • Homewood Suites

    0.56 miles

  • Arbor Inn & Suites

    0.62 miles

  • Hampton

    0.65 miles

  • Embassy Suites

    0.88 miles

  • Baymont by Wyndham Lubbock West

    0.98 miles

  • Home2 Suites by Hilton Lubbock

    1.02 miles

  • Holiday Inn Express

    1.03 miles

  • Comfort Suites

    1.06 miles

  • Hilton Garden Inn Lubbock

    1.12 miles

  • Dillard's

    0.46 miles

  • South Plains Mall

    0.54 miles

  • Dillard's

    0.57 miles

  • Cavender's

    0.59 miles

  • JCPenney

    0.68 miles

  • Ross

    0.85 miles

  • Burlington

    1.35 miles

  • Natural Grocers

    1.36 miles

  • Oriental Market

    1.41 miles

  • Target

    1.48 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Marty Cleckler

eXp Commercial

(817) 438-0808