Property profile

6629 66Th St Lubbock, TX 79424

OFF-MARKET
Land
1 ac lot
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Property summary

AI-generated overview

This exceptional 1-acre commercial land parcel, located at the corner of 66th Street and Oakridge Avenue in Lubbock, Texas (79424), presents a compelling investment opportunity. Zoned Neighborhood Commercial (NC), this property is ideally situated in a thriving Lubbock market, within the Milwaukee Corridor, offering high visibility and convenient access to key amenities. Its strategic location provides proximity to the newly constructed 800,000 square foot Canyon West retail center, just a two-minute drive away. Furthermore, its close proximity to Texas Tech University, University Medical Center, and Covenant Health Systems (within an eight-minute radius) makes it exceptionally well-suited for a variety of commercial ventures, including retail, office, or healthcare-related developments. The land is priced at $435,600, representing a land value of $10 per square foot. Essential utilities are readily available, making this a development-ready site. Importantly, this property is not located within a floodplain, mitigating potential development risks. This prime location and development-ready status make this a truly exceptional opportunity for discerning investors and developers seeking a high-impact commercial project in a rapidly growing area of Lubbock.

Property profile

Verified
Property type Land
Lot 1 ac (43,560 SF)

Cap rate & NOI

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

Location

6629 66Th St Lubbock, TX 79424
Lubbock metro
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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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