5202 Erskine St Lubbock, TX 79416
- Land
- 17.50 lot acres
Current Use by Public Records
- Toot'n Totum / Convenience Store
- Valero / Gas Station
Property Details for 5202 Erskine St
- Lot size
- 17.50 lot acres
- Property type
- Land
Description
This exceptional 17.5-acre commercial land parcel is situated in Lubbock, Texas, within the thriving North Pointe master-planned community. Located at 5202 Erskine St, Lubbock, TX 79416, this property boasts HDR zoning, already permitting high-density apartment development. The asking price is $4,573,800, translating to $261,360 per acre. Utilities are readily available, simplifying development plans. The seller is open to dividing the property, offering flexibility for various development scenarios. Seller financing is available for qualified buyers. North Pointe is a large, established community north of Loop 289, between Erskine and Marshall Avenues, featuring walking trails, retail outlets, and Centennial Elementary School, with plans for additional schools. This location offers convenient access to amenities and a desirable residential setting, making it an attractive investment opportunity for high-density residential development. The property's prime location and existing zoning make it an ideal investment for developers seeking to capitalize on Lubbock's growing residential market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lubbock
- County
- Lubbock
- State
- Texas
- Longitude
- -101.923
- Latitude
- 33.6068
