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    6602 Fm 179 Wolfforth, TX 79382

    Sponsored
    For Sale
    $3,754,045

    24.98 Acres, Wolfforth, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 24.98-acre commercial land tract is ideally situated within the Wolfforth city limits, at the southwest corner of 66th Street and FM 179 in Lubbock County, Texas. Priced at $3,754,045 ($3.45/SF), this property presents a unique development opportunity. A pre-engineered plan and pre-plat for residential and commercial development, approved by the City of Wolfforth, are included in the sale. The tract is divisible, with an 11.05-acre portion suitable for a retail shopping center and an additional five-acre tract available for commercial use. While water is currently available on FM 179, extension to the property and sewer service (potentially through a shared pump station) will be required. The buyer will be responsible for filing the final plat, but all pre-engineering and pre-platting materials will transfer upon closing. This prime location benefits from proximity to Frenship High School (Frenship ISD), and established neighborhoods like Llano Estates and Preston Manor. Easy access to major thoroughfares like 82nd, 50th, 34th, and 19th Streets off FM 179 provides convenient access to Lubbock. A water channel with a box culvert at 66th & FM 179 will be needed for commercial development on the 11.05-acre tract. The property's strategic location and pre-approved plans make it an attractive investment for developers seeking a prime location in a thriving area.

    Property Features for 6602 Fm 179

    General Information

    Property type
    Land
    Lot Size
    1,088,129 SF

    HighLights

    • 24.98‑acre commercial land parcel at the southwest corner of 66th Street and FM 179.
    • Located in the desirable Frenship ISD, Lubbock County.
    • Adjacent to Preston Manor and Llano Estates subdivisions.
    • Pre‑engineering plans and pre‑platting materials included in sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Accounting Firm Daycare Center Skin Care Clinic Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wolfforth
    County
    Lubbock
    State
    Texas
    Longitude
    -102.00914520434
    Latitude
    33.534204568856

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    FAQs

    What type of property is this?
    Land - 24.98 Acres, Wolfforth, TX
    Where is this land located?
    The property is located at 6602 Fm 179 Wolfforth, TX.
    What is the asking price?
    The asking price for this property is $3,754,045.
    What are key features of this property?
    This property features: 24.98-acre commercial land parcel at the southwest corner of 66th Street and FM 179.; Located in the desirable Frenship ISD, Lubbock County.; Adjacent to Preston Manor and Llano Estates subdivisions.
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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

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    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
    6602 Fm 179 Wolfforth, TX 79382
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