Property profile

98th St Lubbock, TX 79423

OFF-MARKET
Retail properties & Spaces
3.52 ac lot
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Property summary

AI-generated overview

This exceptional 3.52-acre land parcel presents a remarkable investment opportunity in Lubbock, Texas. Located at the intersection of 98th Street and Gary Avenue, this property boasts a highly desirable location with significant potential for development. The land is zoned for both office and retail uses, offering flexibility for a variety of commercial projects. With a total asking price of $919,986, the price per acre comes to $261,359, reflecting the strong value proposition of this strategically positioned land. The property's address is 98th St & Gary, Lubbock, TX 79423, and its APN is R96425. This prime location offers excellent visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in a thriving Lubbock market. The substantial lot size provides ample space for a large-scale development, allowing for creative design and efficient use of space. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land opportunity. The property is ready for immediate development, presenting a unique chance to capitalize on the growing commercial sector in Lubbock. Further details are available upon request.

Property profile

Verified
Property type Retail properties & Spaces
Lot 3.52 ac (153,331 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

98th St Lubbock, TX 79423
Lubbock metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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