Current Use by Public Records
- Commercial real estate
Property Details for 7100 Alcove Ave
- Lot size
- 1.89 lot acres
- Property type
- Commercial real estate
Description
This 1.89-acre lot in Wolfforth, Texas, presents a unique opportunity for developers. Situated southwest of Lubbock, this rectangular parcel boasts two street frontages and enjoys a highly desirable location between a recently constructed 117-unit apartment complex (The Reserves at Preston Trails, built 2017) and newer duplexes (built 2020 and later). The strong rental market in this area makes this property particularly attractive for income-generating projects. The land is exceptionally level, free of trees and flood concerns, and has no known unusual easements. It's zoned PD, permitting multi-family development (MF), making it ideal for a small infill apartment complex or a similar neighborhood-serving development, such as a church. All city utilities are readily available, simplifying the development process. The property's size and location, combined with its favorable zoning and lack of encumbrances, offer significant potential for a variety of profitable ventures. This is a rare opportunity to acquire a well-situated, ready-to-develop parcel in a thriving Texas community. The asking price is $250,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wolfforth
- County
- Lubbock
- State
- Texas
- Longitude
- -101.992
- Latitude
- 33.5298
