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    OFF-MARKET
    Land

    114th And Alcove, Lubbock, TX 79424

    9 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 9.1-acre commercial land tract presents a unique investment opportunity in Lubbock, Texas. Located at the intersection of 114th Street and Alcove Avenue, this property boasts 999.69 feet of frontage on 114th Street. Priced at $4 per square foot, this parcel offers significant potential for development. The land is zoned "Out of City Limits" in Lubbock County, zip code 79424. The area is experiencing substantial growth, with a nearby 160-acre parcel recently sold to a residential developer who brought water and utility infrastructure to the area, ensuring ample resources for future projects. This tract benefits from its location within the Frenship School District, a desirable attribute for residential and commercial development alike. The property's size and strategic location make it ideal for a variety of commercial ventures. This is a rare opportunity to acquire a sizable, well-positioned land parcel in a rapidly developing area of Lubbock. The asking price is $1,596,561.12. Don't miss this chance to secure a prime piece of Lubbock real estate.

    Property profile
    Verified
    Property type Land
    Lot 9 ac (392,040 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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