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1 Martin Luther King Jr. Blvd Lubbock, TX 79403

OFF-MARKET Land Google Maps
14.97 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 14.97-acre commercial land parcel presents a significant investment opportunity in Lubbock, Texas. Located at 1 Martin Luther King Jr. Boulevard, zip code 79403, this property is zoned for commercial use (Zoning 1) and offers unparalleled potential for development. Its strategic location within Lubbock County provides easy access to major transportation routes and a thriving local economy. The expansive lot size allows for a wide range of development possibilities, making it ideal for a variety of commercial ventures. This is a rare opportunity to acquire a substantial tract of land in a rapidly growing area, perfect for investors, developers, or franchisees seeking to establish a presence in a dynamic Texas market. The property's location within a designated Opportunity Zone may offer additional tax advantages. This prime commercial land is ready for your vision, offering a blank canvas to create a thriving business hub. The address is 1 Martin Luther King Jr. Boulevard, Lubbock, TX 79403. The asking price for this significant property is $650,000.

Property profile

Verified
Property type Land
Lot 14.97 ac (652,093 SF)

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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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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