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    7447 Marsha Sharp Fwy Lubbock, TX 79407

    For Sale
    $940,896

    Prime Lubbock residential land, 1.8 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.8-acre parcel of land presents a remarkable opportunity for residential development in Lubbock, Texas. Located at the intersection of Wausau Road and Marsha Sharp Freeway, this property boasts convenient access to major thoroughfares, offering seamless connectivity throughout the city. The land is zoned SF-2, allowing for a variety of residential construction possibilities. With a total area of 1.8 acres, the site provides ample space for a substantial residential project. The property's address is listed as 7447 Marsha Sharp Fwy W, Lubbock, TX 79407, and also as 7447 Highway 62-82, Lubbock, TX 79424, reflecting its strategic location. The asking price for this prime residential land is $940,896. The property's unique location and zoning make it an ideal investment for developers seeking to capitalize on Lubbock's thriving real estate market. The parcel numbers associated with this property are R165297 and R129895. This is a rare opportunity to acquire a significant land holding in a desirable area of Lubbock, offering substantial potential for future development and growth. Don't miss out on this exceptional investment opportunity.

    Property Features for 7447 Marsha Sharp Fwy

    General Information

    Property type
    Land
    Lot Size
    78,408 SF

    HighLights

    • 1.8‑acre residential development site in Lubbock, TX.
    • Located at Wausau Rd & Marsha Sharp Freeway, offering excellent connectivity.
    • SF‑2 zoning allows for diverse residential construction.
    • Priced at $940,896.
    • Parcel numbers R165297 and R129895.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lubbock
    County
    Lubbock
    State
    Texas
    Longitude
    -101.98263308617
    Latitude
    33.526690491158

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    FAQs

    What type of property is this?
    Land - Prime Lubbock residential land, 1.8 acres.
    Where is this land located?
    The property is located at 7447 Marsha Sharp Fwy Lubbock, TX.
    What is the asking price?
    The asking price for this property is $940,896.
    What are key features of this property?
    This property features: 1.8-acre residential development site in Lubbock, TX.; Located at Wausau Rd & Marsha Sharp Freeway, offering excellent connectivity.; SF-2 zoning allows for diverse residential construction.
    (806) 776-1270
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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
    7447 Marsha Sharp Fwy Lubbock, TX 79407
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