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    1620-1672 82Nd St Lubbock, TX 79423

    For Sale
    $700,000

    1.55 Acres, 27 Townhome Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.55-acre parcel in Lubbock, Texas, presents a prime opportunity for residential development. Located at 1620-1672 82nd Street, Lubbock, TX 79423, this property is zoned for low-density residential use and is ideally suited for the construction of approximately 27 townhomes. The asking price is $700,000. Detailed plans are available with an acceptable offer, streamlining the development process. Its strategic location within a thriving and desirable area of Lubbock County ensures high demand and strong potential for rental income or resale. The property's 1.55-acre size provides ample space for the planned townhomes, along with potential for additional amenities or green spaces. This development-ready land offers a unique chance to create a vibrant and attractive residential community in a sought-after location. All necessary utilities are readily accessible, minimizing development complexities and accelerating project timelines. This is a turnkey opportunity for developers seeking a high-return investment in a growing Texas market. The property is ready for immediate development, offering a significant advantage in a competitive market. Don't miss this chance to capitalize on the strong demand for residential housing in Lubbock.

    Property Features for 1620-1672 82Nd St

    General Information

    Property type
    Land
    Lot Size
    67,518 SF

    HighLights

    • 1.55‑acre development‑ready lot in Lubbock, TX, zoned for low‑density residential.
    • Strategic location in a desirable Lubbock County area with high demand.
    • Detailed development plans available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.855412
    Latitude
    33.520175

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    FAQs

    What type of property is this?
    Land - 1.55 Acres, 27 Townhome Potential
    Where is this land located?
    The property is located at 1620-1672 82Nd St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 1.55-acre development-ready lot in Lubbock, TX, zoned for low-density residential.; Strategic location in a desirable Lubbock County area with high demand.; Detailed development plans available upon request.
    (806) 777-8114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1620-1672 82Nd St Lubbock, TX 79423
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