Property profile

114th And Alcove Lubbock, TX 79424

OFF-MARKET
Land
9 ac lot
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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

Location

114th And Alcove Lubbock, TX 79424
Lubbock metro
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Value estimations

Realmo proprietary · 4 methods
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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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