Property profile

7501 34Th St Lubbock, TX 79407

OFF-MARKET
Land
7.84 ac lot
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Property summary

AI-generated overview

This exceptional 7.84-acre commercial and industrial land parcel is situated in a rapidly expanding area of west Lubbock, Texas, offering significant development potential. The property boasts over 1,200 feet of frontage on 34th Street and is ideally positioned near thriving retail centers. West End, home to major retailers such as Dave & Buster's, Costco, Cabela's, Nike, and Best Buy, is just minutes away. Similarly, the nearby Canyon West area features Target, Ulta, and Burlington, among other businesses. The property's location is further enhanced by its proximity to established residential developments including Milwaukee Ridge, Escondido Estates, and Bushland Springs, with additional residential projects planned. This strategic location makes the land highly suitable for a variety of uses, including retail, multi-family housing, or self-storage facilities. The property is zoned R-1 and can be sold as a single parcel or divided into two tracts of approximately 3 acres and 4.84 acres. City water and sewer services are readily available for connection, simplifying development plans. This presents a unique opportunity to capitalize on the robust growth and strong demand in this desirable Lubbock location. The asking price for this prime development land is $750,000.

Property profile

Verified
Property type Land
Lot 7.84 ac (341,510 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7501 34Th St Lubbock, TX 79407
Lubbock metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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