220 Aspen Ave Lubbock, TX 79403
- Land
- 25.00 lot acres
Current Use by Public Records
- Land
Property Details for 220 Aspen Ave
- Lot size
- 25.00 lot acres
- Property type
- Land
Description
This exceptional 25-acre vacant land presents a remarkable investment opportunity in New Deal, Texas, a rapidly growing town minutes from Lubbock. Located along Interstate 27, boasting 20,000 daily vehicles, this property offers unparalleled visibility and accessibility. The land is situated within a new planned development, featuring a recently opened convenience store and truck stop, ensuring high traffic flow. Utilities including water, sewer, and electricity are readily available. Pro-rated main fees are already paid, streamlining the development process. This versatile property is suitable for various uses, including retail, residential, commercial, and multi-family developments. The location benefits from its designation as an opportunity zone, providing significant tax incentives. New Deal is a thriving community with top-rated schools, further enhanced by a recently approved $48.5 million school bond. A new 45,000 square foot retail shopping center is under construction, solidifying the area's commercial potential. The seller will consider subdividing the property. This is a unique chance to participate in New Deal's exciting growth trajectory. The asking price is $4,138,200.
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
- -101.842
- Latitude
- 33.7329
