5000 Block Of Upland Lubbock, TX 79407
This exceptional commercial land tract, designated Tract G, presents a remarkable investment opportunity in Lubbock, Texas. Located in the thriving Escondido Ranch development, this property boasts convenient access to major thoroughfares, including 50th Street, placing it within a 5-minute drive of Canyon West, West End, and the Milwaukee Corridor. The site is situated just west of Milwaukee Avenue, offering easy access to both Wolfforth and Lubbock. This particular tract offers between 1.54 and 10.74 acres of land, providing ample space for a variety of commercial developments. The asking price is $5,146,178, translating to a list price per acre of $479,160 and a land value of $11 per square foot. The property's zoning allows for diverse commercial uses, making it suitable for a wide range of projects. Escondido Ranch is currently entering Phase II, indicating significant future growth and potential for increased property value. This prime location and flexible zoning make Tract G an ideal choice for developers seeking a strategic foothold in a rapidly expanding area of Lubbock. The address is in the 5000 block of Upland, Lubbock, TX 79407, within Lubbock County. This is a rare opportunity to acquire a substantial parcel of commercial land in a high-growth area.
Cap rate
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Property description
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