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    7002 82Nd St Lubbock, TX 79424

    For Sale
    $2,178,000

    Prime 5-acre commercial lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 5-acre commercial land parcel presents a remarkable investment opportunity in Lubbock, Texas. Located at 7002 82nd St, Lubbock County, TX 79424, this property boasts a highly desirable location on 82nd Street, ensuring excellent visibility and accessibility. The asking price is $2,178,000, translating to a land value of $10 per square foot. The site's strategic placement within a bustling commercial corridor guarantees a consistent flow of vehicular traffic, providing unparalleled exposure for any business venture. The surrounding area is characterized by a diverse mix of established businesses, including retail outlets, restaurants, and service providers, creating a vibrant and supportive commercial ecosystem. This property's prime location and substantial size offer immense potential for a wide range of commercial developments, making it an ideal choice for entrepreneurs, investors, and developers seeking a thriving business environment. The property's high traffic count and prominent location promise significant return on investment. This is a rare opportunity to acquire a substantial commercial lot in a rapidly growing area of Lubbock.

    Property Features for 7002 82Nd St

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • 5‑acre commercial lot on 82nd Street in Lubbock, TX.
    • High visibility and accessibility due to its location on a busy street with high traffic flow.
    • Excellent location within a vibrant commercial area featuring diverse businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.968351
    Latitude
    33.520379

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    FAQs

    What type of property is this?
    Land - Prime 5-acre commercial lot, high traffic area.
    Where is this land located?
    The property is located at 7002 82Nd St Lubbock, TX.
    What is the asking price?
    The asking price for this property is $2,178,000.
    What are key features of this property?
    This property features: 5-acre commercial lot on 82nd Street in Lubbock, TX.; High visibility and accessibility due to its location on a busy street with high traffic flow.; Excellent location within a vibrant commercial area featuring diverse businesses.
    Request Owner's contact information
    7002 82Nd St Lubbock, TX 79424
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    Lubbock, TX 79424
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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
    7002 82Nd St Lubbock, TX 79424
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