118th St & Slide Rd Lubbock, TX 79424

This exceptional 11.4-acre commercial property, located west of 118th Street and Slide Road in Lubbock, Texas (zip code 79424), presents a unique investment opportunity. Priced at $2,118,000 ($185,789/acre), this vacant land boasts a 16,000 square foot existing steel frame structure that could be relocated, offering flexibility for various development plans. The property features a well and septic system, and benefits from a dedicated access easement off Slide Road. Situated in a transitional zoning area outside Lubbock city limits, this location allows for diverse uses and development possibilities. The land is remarkably flat, with a lot depth of 0.38 miles and a width of 252 feet. Water rights are included. The property is available March 6th, 2024. Built in 1999, the site offers a compelling combination of existing infrastructure and development potential. The asking price per square foot is $4.27, and the cap rate is 100%.