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    702 Loop 289 Lubbock, TX 79403

    For Sale
    $975,000

    10 Acres, Prime Lubbock Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 10.467-acre industrial land parcel presents a compelling investment opportunity in Lubbock, Texas. Strategically located on the south side of Northeast Loop 289, this property offers unparalleled access to major transportation arteries, including Loop 289 and Interstate 27, ensuring seamless logistics and efficient distribution. The property is zoned Light Industrial (LI), providing flexibility for a wide range of industrial development projects. The land is uniquely divided into two sections, each offering distinct advantages for development. Significant frontage along Loop 289 provides exceptional visibility and accessibility. The asking price for this prime industrial land is $975,000. This location in Lubbock County, Texas, zip code 79403, presents a rare chance to acquire a substantial tract of land ideally suited for various industrial uses. The property's convenient location and zoning make it an attractive prospect for businesses seeking a strategic foothold in a thriving market. Detailed site plans and further information are available upon request. Don't miss this chance to secure this valuable asset in a rapidly growing area.

    Property Features for 702 Loop 289

    General Information

    Property type
    Land
    Lot Size
    455,943 SF

    HighLights

    • 10.467‑acre industrial land parcel in Lubbock, TX.
    • Prime location on Northeast Loop 289, offering easy access to I‑27.
    • Light Industrial (LI) zoning allows for diverse development options.
    • Two distinct sections for flexible development.
    • Significant Loop 289 frontage for high visibility.
    • Asking price: $975,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walmart teles Grocery Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -101.826527
    Latitude
    33.6161389

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    FAQs

    What type of property is this?
    Land - 10 Acres, Prime Lubbock Location
    Where is this land located?
    The property is located at 702 Loop 289 Lubbock, TX.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 10.467-acre industrial land parcel in Lubbock, TX.; Prime location on Northeast Loop 289, offering easy access to I-27.; Light Industrial (LI) zoning allows for diverse development options.
    Request Owner's contact information
    702 Loop 289 Lubbock, TX 79403
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    702 Loop 289
    Lubbock, TX 79403
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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
    702 Loop 289 Lubbock, TX 79403
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